The subtitle of Giovanni Arrighi’s The Long Twentieth Century, is “Money, Power, and the Origins of Our Times.” There is no industry that quite embodies this description than the oil and gas industry. Struggles over the production, distribution, and maintenence of oil reserves define the storms and fair skies of today’s global trade, a historical process stretching back to the turn of the 20th century. Before I begin publishing some writing on shipping and maritime insurance in the Indian Ocean, I’d like to include a reading list on the oil and gas industry. I will engage in comradely banter with
and (and to procrastinate on my thesis during Ramadan) by adding this to their lists, before I publish some later entries for this blog (to come, iA).The light switch is the great fetish of industrial modernity, as one can believe that they can simply turn the power off with a click of the switch. This sentiment, transposed into the banks and cars of today’s world, can be reworked in a slightly different quotation. Today’s discourses on the green transition embraces the fetish of the very concept of energy itself. The branding transformation of oil companies to energy firms, consolidating coal, natural gas, nuclear, and renewables under the umbrella of electricity (as well as a vast agglomoration of processes including pricing mechanisms, currency supplies, spot market investment, and the list goes on), reveals how vague that term is. The vast infrastructures of logistics, security, and risk, calculable means of management, all derive profits from oil extraction, circultaion, and distribution. All aspects of our consumption, from the potatoes we grow with more petroleum than sunshine to the plastic parts of this laptop, it is all fuelled by the boom and bust cycles of the petroleum industry. We all see like oil companies when we talk about energy in abstract, to paraphrase James Ferguson.
It goes without saying how important this industry is, as one of the principle driving factors of US-centered geopolitical hegemony. I’ll shortly publish some other lists on mining extraction and agriculture going forward, but to explore these dynamics later, we must turn to some readings on the “inert seal of worked materiality” fuelling our everyday existence. These books often hold deeply flawed politics, the issues apparent upon glancing the first few pages. But they provide insights into very specific geographic or corporate-industrial dynamics worth taking seriously. Better read against the grain…
**-favorite
Economic Theory:
Marx: Capital vols 1-3, pay close attention to the longest fifteenth chapter of the first volume, Machinery and Large-Scale Industry and in vol III, the chapters on Ground Rent. Read also Marx’s Grundrisse, especially fragment on machines and technology. The Eighteenth Brumaire on the consolidation of the state.
Veblen (1904): Theory of Business Enterprise and (1923): Absentee Ownership
Schumpeter (1911): Theory of Economic Development
J. Robinson (1933): The Economics of Imperfect Competition
Hymer (1960): The International Operations of National Firm
Chandler (1962): Strategy and Structure: Chapters in the History of the American Industrial Enterprise & (1977): The Visible Hand & (1990): Scale and Scope: The Dynamics of Industrial Capitalism
H. Odum Jr. (1970): Environment Power and Society
A. Emmanuel (1975): Profit and Crises (the celebrated author among a certain audience has received more acclaim for (1970): Unequal Exchange, P&C is far more important for certain dynamics of the oil industry, concerning business practices, wages, and competition. It is rather telling that he begins this work directly commenting on the causes of the oil crisis)
G. Arrighi (1994): The Long Twentieth Century
Mazen Labban (2013)**: Space, Oil and Capital
R. Baldwin (2016): The Great Convergence (extremely important as the logistics and information revolution is one of the defining features of modern capitalism, extremely utilized within the oil and gas industry)
Overview Studies, Corporate Power
Introduction: Hanieh (2024): Crude Capitalism. Decent intro, the rest gives more specificity…
Econ/Scientific overviews:
Clubley (1998): Trading in Oil Futures and Options.
Vaclav Smil (2008): Oil, A Beginner’s Guide
— (2010): Prime Movers of Globalization: Diesel Engines and Gas Turbines
— (2015): Natural Gas: Fuel for the 21st Century.
Corporate History:
Tarbell (1904): History of the Standard Oil Company
Harvey O’Connor (1950)**: History of Oil Workers Intl. Union (CIO) & (1955)**: Empire of Oil & (1962)**: World Crisis in Oil
Hidy (1955): Pioneering in Big Business 1882-1911
Tanzer (1969): The P. E. of International Oil & Underdeveloped Countries
Sampson (1975): The Seven Sisters
Anderson (1975): The Standard-Vacuum Oil Company and United States East Asian Policy, 1933-1941 & (1981): Aramco, the United States, and Saudi Arabia: A Study of the Dynamics of Foreign Oil Policy, 1933-1950
Ferrier and Bamberg (1982, 2009, 2010)**: History of British Petroleum vols I & II, Global Oil (The days when oil companies would hire historians…)
Corley (1983): A history of the Burmah Oil Company
Jones: Banking and Empire in Iran: vols 1 & 2
Howarth (1992): Sea Shell: The Story of Shells British Tanker Fleets 1892-1992
Joonker et al (2007): History of Royal Dutch Shell
Vitalis (2007): America’s Kingdom (Aramco)
Steve Coll (2013): Private Empire & (2017): Taking of Getty Oil
Pratt (2013): Exxon: Transforming Energy 1973-2005
US Geopolitics:
Painter (1986)**: Oil and the American Century: The Political Economy of U.S. Foreign Oil Policy, 1941-1954
Steil (2019): The Marshall Plan
McFarland (2020): Oil Powers
Wight (2021): Oil Money
Frank (2007)**: Oil Empire: Visions of Prosperity in Austrian Galicia
Huber (2013): Lifeblood (good overview of oil and american life)
Appel, Mason, Watts (eds): Subterranean Estates: Life Worlds of Oil and Gas
McNally (2017): Crude Volatility: The History and Future of Boom-Bust Oil Prices
Monteiro (2022): Digital Oil: Machineries of Knowing (important on the IT transformations in contemporary oil industry)
Arab and Iranian World
Joe Stork (1975)**: Middle East Oil
Bichler & Nitzan (2002): The Global Political Economy of Israel (rather strange and quirky book, but very interesting information on oil/arms/financial nexus that the ZE occupies)
S. Galpern (2009)**: Money, Oil, and Empire in the Middle East: Sterling and Postwar Imperialism, 1944–1971
Iran:
Abrahamian (1982)**: Iran Between Two Revolutions & (2013): The Coup & (2021): Oil Crisis in Iran: from nationalism to coup d 'etat
Davoudi (2021): Persian Petroleum: Oil, Empire and Revolution in Qajar Iran
Shafiee (2018)**: Machineries of Oil: Infrastructural History of BP in Iran
Khaleej:
Vassiliev (2000)**: History of Saudi Arabia
Hegghammer (2010): Jihad in Saudi Arabia
Martini et al (2010): The Outlook for Arab Gulf Cooperation
Wright (2017): Between Dreams and Ghosts & (2024): Unruly Labor
Hanieh (2018)**: Money Markets Monarchies: The GCC and P. E. of the Modern Middle East
Heard (2019)**: Oil Men, Territorial Ambitions and Political Agents: From Pearls to Oil in the Trucial States of the Gulf
Khalili (2020)**: Sinews of War and Trade
alHassan & Lons (2023): Gulf Bailout Diplomacy: Aid as Economic Statecraft in a Turbulent Region
Oil and Nationalism
Primakov (1979)**: Anatomy of the Middle East conflict
Garavini (2019): The Rise and Fall of OPEC in the Twentieth Century
Dietrich (2021): Oil Revolution
AlMuhanna (2022): Oil Leaders
Latin America, Africa, South Asia
Nigeria:
M. Watts (1983)**: Silent Violence
I cannot praise Silent Violence enough, defined and redefined the field of political ecology, major intervention in agrarian studies, environment, development, conflict, so many fields…
— Essays- (2004): Resource curse? governmentality, oil and power in Niger Delta & (2009): Oil, Development, and Politics of the Bottom Billion & (2012): Tale of Two Gulfs: Life, Death, & Dispossession along Two Oil Frontiers
Biersteker (1987): Multinationals, State, and Control of Nigerian Economy
Yates (1996): Rentier state in Africa: oil rent dependency & neocolonialism in Gabon
Omoweh (2005)**: Shell Petroleum Development Company, the State and Underdevelopment of Nigeria's Niger Delta
Siollun (2009)**: Oil, Politics and Violence: Nigeria's Military Coup Culture
Mexico:
Rippy (1972)**: Oil and the Mexican revolution
Brown (1993): Oil and Revolution in Mexico
Venezuela:
McBeth (1983)**: Gomez and the Oil Companies in Venezuela 1908-35
F. Coronil (1997)**: The Magical State
John (1998): From Windfall to Curse
Salas (2009): The Enduring Legacy: Oil, Culture, and Society in Venezuela
Strønen (2017): Grassroots Politics and Oil Culture in Venezuela: The Revolutionary Petro-State
Rossi (2023): Rise and Fall of Oil Nation Venezuela (flawed but alright account on very specific dynamics)
Brazil:
Smith (1976): Oil and Politics in Brazil
Skidmore (1986) Politics in Brazil 1930-64 & (1990): Military Rule in Brazil 1964-85 (for political context of oil discovery and nationalization, and later, counterrevolutionary turn)
Randall (1993): P. E. of Brazilian Oil
Peyerl (2022): The Oil of Brazil: Exploration, Technical Capacity, and Geosciences Teaching (1864-1968)
Hodges (2001): From Afro-Stalinism to Petrodiamond Capitalism (Angola)
J. Ferguson (2005): “Seeing Like an Oil Company”
H. Appel (2019): Licit Life of Capitalism: US Oil in Ecuatorial Guinea
Kikon (2019): Living with Oil and Coal: Resource Politics in NE India
B. Gustafson (2020): Bolivia in the Age of Gas
Riosfrancos (2020): Resource Radicals (Ecuador)
Bhardwaj (2021): The Chinese Shadow on India’s Eastward Engagement
R. Jobson (2024)**: The Petro-state Masquerade (Trinidad & Tobago)
“Socialist” World:
USSR, Russia, Central Asia:
Fischer (1926): Oil Imperialism. The International Struggle for Petroleum
T. Gustafson (1989)**: Crisis among plenty: the politics of Soviet energy under Brezhnev and Gorbachev & (2012)**: Wheel of fortune: the battle for oil and power in Russia
Chaqueri (1994): The Soviet Socialist Republic of Iran, 1920-1921: Birth of a Trauma (much more of a history of the USSR)
Sanchez-Sibony (2014): Red Globalization & (2023)**: The Soviet Union and the Construction of the Global Market: Energy and the Ascent of Finance in Cold War Europe, 1964–1971.
Sicotte (2017, unpub diss): Baku: Violence Identity and Oil, 1905-1927
(for context on Soviet Azerbaijan, see Suny (1972), The Baku Commune)
(Paired)** Zubok (2021): Collapse: The Fall of the Soviet Union & Bartel (2022): Triumph of Broken Promises
China:
Wang (1999): China’s Oil Industry and Market
Hou (2018): Building for Oil: Daqing and Formation of the Chinese Socialist State
Zhang (2020): China-Gulf Oil Cooperation Under the Belt and Road Initiative
Oil, Spills, Green Futures:
Pulver (2004, unpub diss): Power in the Public Sphere: The Battles Between Oil Companies and Environmental Groups in the UN Climate Change Negotiations, 1991-2003
Gramling and Freudenburg (2010): Blowout in the Gulf: The BP Oil Spill Disaster
Estes (2019): Our history is the future
Horowitz (2020): Katrina: A History, 1915–2015
Bosworth (2022): Pipeline Populism
Conflict and Insurgency:
Peter Dale Scott (2003): Drugs, Oil and War & (2015): American Deep State
HRW (2003): Sudan, Oil, and Human Rights
Pelletiere: (2004): Iraq and the International Oil System & (2007): Losing Iraq & (2016): Oil and the Kurdish Question
Beaubeauf (2007): The Strategic Petroleum Reserve: U.S. Energy Security and Oil Politics, 1975-2005
Johnstone et al (2010): Foundations of the Islamic State: Management, Money, and Terror in Iraq, 2005–2010
Patey (2014): The New Kings of Crude: China, India, and the Global Struggle for Oil in Sudan and South Sudan
Omolade Adunbi (2015): Oil Wealth and Insurgency in Nigeria
Thomas Sommer-Houdeville (2017, unpub diss): Remaking Iraq: Neoliberalism and a System of Violence after the US invasion, 2003-2011
Ekeh (2024): Crude Oil Theft in Nigeria: A Colluded Conspiracy and the Way Forward for Sustainable Oil and Gas Industry
Crawford (2024): “Pentagon Fuel Use, Climate Change, and the Costs of War” (available here)
Blogs to follow: