New Books in Economics

Robert Vitalis, "Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy" (Stanford UP, 2020)


Listen Later

We've heard and rehearsed the conventional wisdom about oil: that the U.S. military presence in the Persian Gulf is what guarantees access to this strategic resource; that the "special" relationship with Saudi Arabia is necessary to stabilize an otherwise volatile market; and that these assumptions in turn provide Washington enormous leverage over Europe and Asia.

That common sense is wrong. The author of America's Kingdom: Mythmaking on the Saudi Oil Frontier (Stanford University Press, 2007), Robert Vitalis returns to disenchant us once again—this time from "oilcraft," a line of magical thinking closer to witchcraft than statecraft. Contrary to the deeply-held beliefs of hawkish foreign policy experts and career academics alike, oil is a commodity like any other: bought, sold, and subject to market forces. The House of Saud does many things for U.S. investors, firms, and government agencies, but guaranteeing the flow of oil, making it cheap, or stabilizing the price isn't one of them. Nevertheless, persistent fears of oil scarcity and conflict continue to breed real consequences. Robert Vitalis, Oilcraft: The Myths of Scarcity and Security That Haunt U.S. Energy Policy (Stanford UP, 2020) presses us to reconsider, among many things, the U.S.-Saudi special relationship, which confuses and traps many into unnecessarily accepting what we imagine is a devil's bargain. Along the way, Vitalis resurrects a forgotten school of critics of empire—a reprisal of his task in White World Order, Black Power Politics: The Birth of American International Relations (Cornell University Press, 2017).

Freeing ourselves from the spell of oilcraft won't be easy. But the benefits of doing so, and the drawbacks of not, make it essential.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

...more
View all episodesView all episodes
Download on the App Store

New Books in EconomicsBy Marshall Poe

  • 4
  • 4
  • 4
  • 4
  • 4

4

26 ratings


More shows like New Books in Economics

View all
The LRB Podcast by The London Review of Books

The LRB Podcast

298 Listeners

Odd Lots by Bloomberg

Odd Lots

1,940 Listeners

New Books in Philosophy by New Books Network

New Books in Philosophy

111 Listeners

New Books in History by Marshall Poe

New Books in History

214 Listeners

New Books in Military History by Marshall Poe

New Books in Military History

161 Listeners

New Books in Critical Theory by Marshall Poe

New Books in Critical Theory

144 Listeners

New Books in Political Science by New Books Network

New Books in Political Science

62 Listeners

New Books in Religion by New Books Network

New Books in Religion

28 Listeners

EconTalk by Russ Roberts

EconTalk

4,266 Listeners

LSE: Public lectures and events by London School of Economics and Political Science

LSE: Public lectures and events

269 Listeners

Conversations with Tyler by Mercatus Center at George Mason University

Conversations with Tyler

2,453 Listeners

New Books in Psychoanalysis by Marshall Poe

New Books in Psychoanalysis

189 Listeners

New Books in African American Studies by New Books Network

New Books in African American Studies

164 Listeners

New Books in Environmental Studies by Marshall Poe

New Books in Environmental Studies

25 Listeners

New Books in Literary Studies by New Books Network

New Books in Literary Studies

24 Listeners

New Books in Intellectual History by New Books Network

New Books in Intellectual History

60 Listeners

Jacobin Radio by Jacobin

Jacobin Radio

1,458 Listeners

Macro Musings with David Beckworth by Mercatus Center at George Mason University

Macro Musings with David Beckworth

378 Listeners

Capitalisn't by University of Chicago Podcast Network

Capitalisn't

543 Listeners

Pitchfork Economics with Nick Hanauer by Civic Ventures

Pitchfork Economics with Nick Hanauer

1,491 Listeners

The Pie: An Economics Podcast by Becker Friedman Institute at UChicago

The Pie: An Economics Podcast

174 Listeners

Ones and Tooze by Foreign  Policy

Ones and Tooze

344 Listeners

Past Present Future by David Runciman

Past Present Future

340 Listeners

The Economics Show by Financial Times

The Economics Show

147 Listeners

Statecraft by Santi Ruiz

Statecraft

35 Listeners