9.5.11

"Oil Wealth and U.S. Backing Enables Saudi Arabia to Crush Dissent in Bahrain" on Democracy Now!


May 06 2011: "Oil Wealth, U.S. Backing Enables Saudi Arabia to Crush Dissent in Bahrain"

Democracy Now! interviews Toby Jones, Rutgers University professor and author of Desert Kingdom: How Oil and Water Forged Modern Saudi Arabia. Formerly of the International Crisis Group, Professor Jones discusses the current political situation in Saudi Arabia and highlights troubling trends in relation to the Arab Spring.  

4.5.11

Curren Events in Algeria: Oil related

On May 3rd the Algerian court found former head of Sonatrach guilty of corruption. He was sentenced to one year in prison and a $7,000 USD fine. He was dismissed from his position last year due to these charges. This comes only a few days after one of the most violent protests in four months. Protesters demanded greater political freedom and standards of living. The government has responded by both violent crackdowns and greater public spending and the promise of political reform.

Eni SPA and Sonatrach have signed a cooperation agreement to develop unconventional hydrocarbon resources, especially shale gas. Experts estimate that Algeria may have over 200 tcf in shale gas.

Economic Governance and Reform in Saudi Arabia: An Outline


Economic Governance and Reform in Saudi Arabia by Rodney Wilson
Edited by Anoushiravan Ehteshami and Steven Wright
Ithaca Press (2007)           

Useful comparison between economic management of post-2000 oil revenue boom with 1970s
·      Oil booms as reason to avoid making difficult economic reforms vis-à-vis taxation and government spending

Algerian Oil & Gas

Retrieved from: Review of African Political Economy http://www.jstor.org/pss/4006880

A New Scramble for African Oil? Historical, Political, and Business Perspectives

Reform in the Middle East Oil Monarchies: An Outline


Reform in the Middle East Oil Monarchies
Edited by Anoushiravan Ehteshami and Steven Wright
Ithaca Press (2007)

Reform in the Middle East Oil Monarchies focuses on recent trends in the region, arguing that they represent liberalization rather than real movement toward democracy. Many of these changes are seeming cosmetic, rather than representative of a real diffusion of political power. The following posts will closely outline essays contained in the volume that are useful for understanding these trends in Saudi Arabia.