The Collapse of the Old Oil Order

A recent article by Michael T. Klare on TomDispatch pitches the idea that the recent social and political unrest in Algeria, Bahrain, Egypt, Iraq, Jordan, Libya, Oman, Morocco, Saudi Arabia, Sudan, Tunisia, and Yemen, is the beginning of the end of cheap oil and the collapse of the old oil order.

Michael Klare, who  is a professor of peace and world security studies at Hampshire College, and the author of  Rising Powers, Shrinking Planet, presents a strong argument as to why the days of cheap oil and gasoline will soon be as obsolete as vinyl records and analog TV.

Some of the more noteworthy passages from the article include historical facts on the Iranian coup and how western democratic countries like Great Britain and the United States have often undermined and sabotaged democratic movements in oil producing countries.

Isn’t it interesting how democracy and self determination is ok for the United States and other western countries, but if any popular uprising threatens western oil company profits, democratic movements in oil producing countries like Iran have been stopped and autocratic rulers like the Shah of Iran are put in place by the United States.

For the complete article by Michael Klare please go to TomDispatch or download the iTunes podcast internview with Timothy MacBain.