This volume provides a theoretical framework for understanding both the development of the international oil industry and the role played by oil in the emergence and evolution of US postwar hegemony. While providing a narrative account of the oil industry from its origins in the 19th century through to the present, the main focus is an analytic treatment of the postwar period. Drawing widely on political economy, international relations and the recent literature on the state, the book offers a comprehensive study of the connections between US hegemony and the international oil industry.
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Book Description
Editorial Reviews
From Publishers Weekly
Bromley's central argument is that U.S. hegemony has been and remains "dependent upon a directive role" in the international oil industry and that stability in the Persian Gulf is a vital basis for U.S. power. In this decidedly academic, virtually unreadable study ("the basic conceptual framework and methodological stance of neorealism is a combination of positivism and Waltzian systems theory") the author describes how the U.S. established and consolidated control over the oil market. Challenging the theory that the rise of OPEC undermined the U.S.-dominated world oil order ("The decline of U.S. power is routinely exaggerated"), Bromley ( Thatcherism ) shows how the dominance has been "refashioned" as radical regimes, such as those in Iran, Libya and Iraq, challenged it. In a postscript written soon after the Iraqi occupation of Kuwait, he comments that Western control embodied a number of potentially explosive contradictions, not the least of which was the arming of local clients by the superpowers. Whatever the outcome of the current crisis, he maintains, "the plain fact remains that the murderous regime crafted by Saddam sits in a cauldron of the West's making."
Copyright 1990 Reed Business Information, Inc.
Copyright 1990 Reed Business Information, Inc.
Review
Simon Bromley has written a major contribution to current debates on the nature of power in the international system. Through his analysis of the continuing US domination of the world oil industry. Bromley dispels two myths the purported loss of US hegemony, and the realist conception of states. This book, drawing on a wide reading of social science literature, will be a must for students of international relations and of international political economy. --Fred Halliday, London School of Economics and Political Science.
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