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Blood of the Earth: The Battle for the World's Vanishing Oil Resources
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Blood of the Earth: The Battle for the World's Vanishing Oil Resources
By
Dilip Hiro
When the Great Powers switched from coal to oil to run their navies just before World War I, it heralded a change in global politics comparable to the introduction of gunpowder in 1040. Oil became the chief strategic weapon of war. The victors’ conclusion that oil—the ‘blood of the earth’—proved to be the ‘blood of victory’ has since applied to all major conflicts. With petroleum becoming an indispensable part of modern life—from fertilizers and fuel to plastics and pharmaceuticals—it has emerged as the prized commodity for which wars are fought.
As oil output peaks and competition for it grows fierce, the number of countries able to export will shrink to a handful by 2020. They will all be Muslim states in the Persian Gulf, except Venezuela, which is currently poised against the US.
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