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Energy, Economics, and Politics in the Caspian Region: Dreams and Realities (Praeger Security International)
 
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Energy, Economics, and Politics in the Caspian Region: Dreams and Realities (Praeger Security International) [Hardcover]

Maureen S. Crandall (Author)
5.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

027599130X 978-0275991302 June 30, 2006

The potential of energy resources in the Caspian region (Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan) has attracted much attention since the demise of the Soviet Union. Many industry analysts in the United States and other developed nations consider oil supplies from the Caspian a strong alternative to the Persian Gulf, and believe that a new reliance on its resources can reduce the perennial Western vulnerability to price increases and threatened cutoffs. But is the region capable of fulfilling that role? The relatively low demand for natural gas worldwide, the transitory and often perilous political situation in the Caspian, and the uncertainty regarding the region's oil-producing capabilities in general make estimates of its potential to alleviate energy demands seem dubious. Maureen Crandall's revealing study of relevant economic and security issues clearly separates what can and cannot be expected from this strategically important, yet politically unstable region.

In addition to examining the complex issues of cause and effect surrounding Caspian oil supply, Crandall examines the interests of neighboring states (Russia, Iran, and China), as well as those of the United States in the global search for resources. Figures, tables, and a bibliography complete a study that will prove of vital interest to regional security specialists, defense economists, energy analysts, environmentalists-and anyone else interested in Central Asia and the future of America's energy supplies.


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Editorial Reviews

Review

"Crandall takes a close look at the countries surrounding the Caspian Sea for their potential as oil and gas producers, arguing that oil reserves and future production levels in the Caspian region have been overestimated. She examines the stakes involved, including forecast revenues and their potential uses, and discusses issues of governance affecting the disposition of these revenue streams. She also examines environmental considerations, local leadership, and the political situation in the region."

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Reference & Research Book News



"This volume's central theme is the legal status of the Caspian Sea relative to international designs on its role as a transit for the 200 billion barrels of oil reserved in the countries surrounding it. Crandall correctly notes that the Caspian region may potentially add more fuel to the flame of global and regional military, ethnic, and religious conflicts. Now, in addition to Russia and Iran, other countries such as Azerbaijan, Kazakhstan, and Turkmenistan are directly involved in such conflicts. Moreover, the dramatic rise of oil and gas consumption in China and India has increased their stakes in the region. Turkey also has been attempting to make independent claims and policies with respect to the Caspian region. Meanwhile, Western corporate interests there have become ever more vital, particularly for the US. Crandall tries to shed light on this complex matter, yet by and large she focuses almost exclusively on internal factors to explain the region's endemic corruption and abject poverty. However, she does not fully correlate the effects of global economic dynamics upon regional politics so as to show how Russia, China, and Iran are collectively trying to counter US influence over the Caspian region. Recommended. Comprehensive research collections."

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Choice

Review

"Dr. Crandall has written a comprehensive book on energy development in the Caspian with a focus on the region's vast oil and gas resources and the problems associated with producing these resources and transporting them to world markets. While many analysts and experts have written about the increasing energy importance of this region, Dr. Crandall puts it all together in a manner suitable for both the beginner and the expert. Anyone new to the region will come away with a better understanding of the political dynamics that drive energy development. For the expert, Dr. Crandall provides a resource that can be delved into over and over to gain new insights and nuances from a region where politics and resource development are so inextricably intertwined. Moreover, Dr. Crandall's writing is superb and quite approachable, making the book especially valuable for all readers."

(

Leonard L. Coburn, International Energy Consultant and Former Director of Russian and Eurasian Affairs, U.S. Department of Energy

)

Product Details

  • Hardcover: 264 pages
  • Publisher: Praeger (June 30, 2006)
  • Language: English
  • ISBN-10: 027599130X
  • ISBN-13: 978-0275991302
  • Product Dimensions: 9.3 x 6.2 x 1.1 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #2,178,240 in Books (See Top 100 in Books)

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5.0 out of 5 stars Smart and Sassy, May 28, 2009
By 
This review is from: Energy, Economics, and Politics in the Caspian Region: Dreams and Realities (Praeger Security International) (Hardcover)
I love it when people sticks their necks out.

Best book (maybe only book - the rest of books on this area are by a bunch of non-energy 'experts', academic voyeurs, Twenty-Something political 'experts', and Seattle bloggers) on the 'interesting' energy poker game in the Caspian.

Imagine a gold rush town of the old west, no sheriff but sumptuous saloons all with WELL oiled swinging and I do mean 'swinging' doors (I stole that line from a BP VP describing Baku).

You walk in for a little action. Everyone is partying, and packing more & newer weapons than the bar in Star Wars. In the midst of it all these crazy and dangerous gunslingers have left alone, at a very respectful distance, a very quiet poker game being played by:
'Doc' Putin, 'Wyatt' Khamenini, 'Batt' Nazarbeyev, 'Jesse' Aliyev, and Gurbanguly 'The Kid' Berdimuhamedow.

Wanna know the stakes; where these guys got such unbelievably tall teetering stacks of chips; if the cards are marked; what the (unwritten) rules of the game are; "who died (and how) and made you a boss"; or just who the heck owns the underwater gas tank called the Caspian Sea?

The saloon is getting more and more packed every hour with the Pretend Good, the Really Bad and the Pug Ugly. But ain't no one dare interrupt the deal or dealing. In through the Swinging Doors Saloon walks the new 'law' 'men', Sheriff Barry Obama and stumbling closely on his heels, Deputy Gordy Brown. You're about to ask them 'who's running the show' when the real wranglers break out laughing at the Sheriff's very expensive but too-big-for-his-head cowboy hat and the Deputy's brand spanking new gaudy unscratched spotless pair of zircon encrusted spurs (in his hand). The tender foots awkwardly withdraw mumbling something about 'solar cars' and 'green pixie-dust powered airliners' because silence has fallen over the saloon cause someone serious just appeared.

Above the anxious silence you hear the unmistakable but subtle rustle of a velvet music hall dress. The most beautiful fearless woman west of the Lena has been watching the game from the railing and walks down the stairs right up to the table. She lifts her silk stocking leg onto the card table - and pulls from her garter - a platinum HP-12c Financial Calculator - and slaps it on the card table. Putin tips his hat "Mam", Aliyev graciously offers her a chair, Nazarbeyev yanks the waiter down by the lapels and orders her a whiskey -"the bottle!", Khamenei looks away and tries to nonchalantly count his and everyone else's chips, and Berdimuhamedow excitedly fondles his 5 carat diamond stick-pin.

Well, I never met her, but - that's how I imagine her after reading her more down-to-earth / less-wishful-thinking take on the energy production, pipelines, and politics of the Caspian!

No wonder the book is sold out.

Should have charged the standard $325 American Petroleum Institute price.

But what do I know - I can't even understand, the 'Stimulus' Bill never mind find the part where they drill for oil in the US to provide good jobs & wages and energy independence - actually unburdening the last American taxpayer with a real productive job in US - rather than picking the pocket of their children and grandchildren to pay-off, oh I mean 'stimulate', campaign workers, oh I mean state & city workers of bloated bureaucracies of bankrupt state/city political machines.

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