No More Blood for Oil. How Could EU Help?
Abstract
The continuing cold war due to oil (its politicization and the profound military involvement), subsequently, the re-grouping of nations based on ideology was inter-changed with re-alignment among producers and transit states either in alliance with Russia as resource broker versus the umbrella group of American and Western conglomerates. Fuel conflict in current parlance - as nations of limited resources must secure supply at all cost (part of national security); EU, in particular, in jittery over Russian supply cut-off wants to partly replace with Caspian and Middle East oil transiting via the Mediterranean, Black Sea and Indian Ocean. Second, as nations of bountiful reserves are in competition to dominate world energy trade and the intention to manage market demand; in particular, petro-state Russia shall sustain supplier status or energy card (supply, transport, distribution) to reassert regional power after Cold War defeat. Third, powers’ volition to secure enormous supply to establish leadership among worldwide energy buyers (indirect hegemony), America, in particular, struggled for supply security and pursued unilateralism -to sustain her ‘informal empire’ on finance, control of raw materials and international trade; hence, the control of the world energy spigot and transit routes which entail solid alliance among re-transit and consuming states, i. e. Qatar, Saudi Arabia, Iraq, Israel, Georgia, Ukraine rallying under American flag aspired to weaken Russian fuel business.
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Review
For citations:
Ming T.L. No More Blood for Oil. How Could EU Help? Review of Business and Economics Studies. 2017;5(2):47-57. (In Russ.)
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