Daniel Yergin is the chairman of Cambridge Energy Research Association and a highly respected individual in international politics, economics and power. Despite being a Pulitzer Prize Winner, he is also the recipient of the 1997 United State Energy Award for his achievement in power and the promotion of international understanding. He has written extensive accounts on the global changes towards political and economic destiny of the world since WWII. His book ‘The Prize: The Epic Quest for Oil, Money and Power’ published in 1992, which depicted the turmoil in Russia’s move to a market economy became a hit such that it was made into an eight hour series and translated into twelve languages. Yergin is a member of the Board of the United States Energy Association, US Secretary of Energy’s Advisory Board and National Petroleum Council among others. He is a BA holder from Yale University and holds Ph.D. from Cambridge University among other honorary degrees.
Introduction: General overview
Oil over the course of humanity has been referred to as the lifeblood of the world's economy. Though it might be called an overestimate, oil is arguably the most critical non-human economic resource that is crucial for the progress and growth of the economy. In his book, Yergin illustrates the economic, societal, political as well as the geostrategic importance of oil in the growth of the world's economy. The book takes the reader through a path that retrieves the historical journey of oil from
The two most important resources in this region are oil and water. The huge oil “deposits there and in the neighboring countries around the Persian Gulf (the United Arab Emirates, Kuwait, and Bahrain) established these countries as some of the richest in the world” (Document F). Nevertheless, the countries who do not have as much access to oil are weak economically. Oil is the biggest export in the Middle East, and in a way, the amount of oil a country has determines how wealthy that country will be. Another component of oil is that countries and ethnic groups are disputing for the control of prices of this economic resource. It has gone to the far extent of foreign countries attempting to control the oil price and also the use of weapons for this (Document E). In addition, it is impossible for each country to have equal access to water due to the unbalanced distribution of these essential resources. As a result of this, these countries are fighting for as much control of water sources they can get. Radically, there are many countries in the Middle East that are striving to obtain as many natural resources to strengthen their economy and lifestyle, and it seems most obvious that the scarcity of these resources is a significant problem in the region
In his speech before the Bloomberg Energy Conference in New York on April, last year, former Canadian Minister on Natural Resources Joe Oliver outlined the significance of the Keystone XL oil pipeline in meeting the growing demands of the United States for an environmentally safe and secure energy source and distribution. He argued that North America’s continued growth as a global superpower depends on how it can meet its energy demands without depending so much on offshore sources such as the Middle East which are mostly in conflict and are therefore unstable. Oliver seems to present a compelling argument in favor of Canada’s energy projects especially when he cites independent third party reports made by the International Energy Agency
Se7en is a late 1990’s dark classic murder film that examines the ethics and morality in the modern world. The film is centered around two detectives, Somerset and Mills, that are assigned to a grim murder investigation. The serial killer, John Doe, targets people who he believes represents each of the the seven deadly sins: gluttony, wrath, envy, lust, pride, sloth, and greed. A few of the killer's victims include a lawyer, an obese man, a prostitute, and a drug dealer. John Doe certainly takes his ideology to an radical extreme but his point in fulfilling these horrid murders is to allow people to recognize how apathetic we have become to each other and the sins we commit each day.
The Prize, by Daniel Yergin, is an important book for me because it has to do with some of the biggest issues in the modern world: Oil, Money, and Power. This book was rated 4.37 out of 5 Based on 3,753 reviews on Goodreads. “Energy consultant Yergin limns oil 's central role in most of the wars and many international crises of the 20th century. A timely, information-packed, authoritative history of the petroleum industry, tracing its ramifications, national and geopolitical, to the present day.” - Publisher’s weekly.
In Chapters 3 and 4 of Carbon Democracy: Political Power in the Age of Oil, Miller expands his reasoning of the historical importance of oil. First, Miller frames how the control of oil resources played a major role in the cause and execution of the First World War as well as in the political restructuring that followed the resolution of the conflict. Next, he expands these ideas by showing how the European powers retained control by using the doctrine of “self-determination, or native-rule” (Miller 88). While Miller makes many notable statements, the two that exemplify his position best are, “ The translation of democracy into self-determination enabled the survival of European control, including the control of oil” (Miller 84), and “A
One of the major issues in global affairs today consists of the supply of energy and other minerals and commodities. Michael Klare in “The End of Easy Everything” argues that the transformation from an effortless to a more resilient resource period will be financially, environmentally, socially, and politically costly. Looking at the state of the supply of energy oil and natural gas today, I tend to agree with the findings as presented by Michael Klare.
Two-thirds of the world’s remaining oil reserves are in the Middle East which will make international policy imperative in the future (Campbell 2007). It is
Renewable energy has currently become a significant aspect in the countries generation, combination, and a constitution focus of government policy for energy, and environmental protection. As a result of public’s growing responsibility for the environment and constantly binding rules, and regulations of emission in the electric power industry, government has facilitated policies to boost the amount of renewable energy in the electricity generation portfolio. Additionally, the generation of electricity from renewable resources creates insufficient, and frequently, zero emissions of pollutants that comes from traditional fossil fuel production technologies. The additional use of renewable energy aids utilities in their emission agreement obligations. Furthermore, the anticipation of agreement with any future carbon emissions management would further toughen the incentive to move towards cleaner electricity creating technologies (Langwith, 2009).
Burned bacon and eggs as thin as water, “worst breakfast mom makes better” Michael cried Mrs. Malison the foster “Mom” didn’t care though she slapped Michael and said “eat your food or you’ll sleep in the shed today.” Michael thought anything is better than his actual foster bedroom, its black, greasy walls, and rickety bed it was horrible. When Michael woke up from his nightmare of the first day at the foster home, when rubbing the sleep out of his eyes Michael walked down stairs to see Mrs. Malison shooting her AK- 47 at the bird nest and Mr. Malison laying on the coach drinking Bud Light and reading the newspaper from two weeks ago. Michael was now fourteen years old and was still being treated as a three year old, he wished he could leave this place for ever. When Michael was three years old his mom and Dad divorced and his Mom sent him to this foster home. The only thing he remembered that day was when his mom arrived at the foster home she
Senator Everett Dirksen once noted “The oilcan is mightier than the sword”. In today’s world, it is easy to see why oil can be considered the most important resource to hold. Without oil, many of the common day occurrences we take for granted would be impossible. Oil is used for almost everything; from the fuel used to drive our vehicles, to the plastics used in every facet of life, and providing the heat needed to live through the winter. In fact, the United States depends so much on oil that as a nation it uses over 20 million barrels a day. Importing oil increases the total costs because of the need to transport it from around the world. It is estimated
Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN is 1439134839. This research paper aims to provide a book review on Daniel Yergin’s “The Prize.”
The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.
People aspire to be as great a writer as Ernest Hemingway. Hemingway’s dramatic life starting as a small journalist, and ending as a veteran from the US army. He continued to write even through the hardships which led him to create some of the world's most known stories.
Like in many wars in history, “money,” “power,” and “oil” were the primary resources for combat and defense. However, out of the three, oil was the most important resource, causing many to seek its presence. Oil was not only for getting the engine started but also for getting the war done thoroughly and keeping the economy running. During World War II, oil became even more of a necessity putting countries at war. However, most importantly, oil became the decisive factor that determined the unfortunate and successful results of desperate, oil-seeking countries.
Buddha, which means “the enlightened one”, which was the name he received from his followers. Buddhism is different from Confucianism in that it didn’t teach about the family or rituals of this world, rather it taught enlightenment which leads to nirvana. There are eight awarenesses of enlightenments. “Freedom From Desire, Satisfaction, Serenity, Meticulous Effort, Correct Remembrance, Samadhi, Wisdom, and avoiding idle talk.” The Chinese during this time asked the Buddhist monks, why do you not marry? Their answer was “Wives, children, and property are the luxuries of the world, but simple living and inaction are the wonders of the Way.” The Buddhist’s wanted was to live a simple life and reach enlightenment and thus nirvana.