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1 Burnside Russia- Soviet States Post 1985

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Wheel of Fortune: The Battle for Oil and Power in Russia

by

Wheel of Fortune: The Battle for Oil and Power in Russia Cover

 

Synopses & Reviews

Publisher Comments:

The Russian oil industry--which vies with Saudi Arabia as the world's largest producer and exporter of oil, providing nearly 12 percent of the global supply--is facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russia's oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia.

Gustafson, a leading consultant and analyst of the politics of energy in the former Soviet Union, draws on interviews with key players over the course of two decades to provide a detailed history of the oil industry's evolution since the breakup of the Soviet Union. At its center is the complex and fraught relationship between the oil industry and the state, which loosened its grip under Yeltsin only to tighten it again under Putin. As oil becomes harder to find and more expensive to produce and deliver, Gustafson warns, Russia's growing dependence on revenue from oil exports, along with its inefficient and often-corrupt management of the industry, is unsustainable.

A rich but troubled Soviet legacy, the conflicting ambitions of politicians and industry oligarchs, and the excesses of capitalism Russian-style threaten to lead Russia to an impasse. Involving the oil industry in the country's modernization agenda and remaking its relationship to the state, Gustafson argues, is Russia's best path toward a stable economy and a safer world.

Review:

"Few Americans realize that Russia is the world's largest oil producer, providing 12% of global supply. Gustafson, an authority on Russian energy politics and professor of government at Georgetown University, writes of the uneasy relationship between the state and oil industry since the fall of the Soviet Union in 1991. Throughout, he documents 'unresolved conflict among Russians over the principles by which society and the economy should be run.' Intramural struggles for control of 'inherited oil assets and rent' in post-Soviet Russia and deep resistance to ostensibly superior Western technology have dragged down the industry. One major strand of the book follows the rise and fall of the private oil company Yukos and its CEO, Mikhail Khodorkovsky. The Yukos affair, particularly Khodorkovsky's arrest, signaled that Prime Minister Vladimir Putin intends to keep a firm grip on oil and much more. Gustafson grinds no axe, but concludes that Russians, comfortable with statism and coercion, 'are not well prepared to deal with the coming challenge' in the looming worldwide increase in demand For specialists in geopolitics or global energy, this exacting and lucid account should be required reading. The sheer amount of detail, though, may be difficult more casual readers. Much of Gustafson's account involves shady politicians and complex strategies that only experts will recognize or easily understand. 3 maps, 7 charts, 2 tables." Publishers Weekly Copyright PWxyz, LLC. All rights reserved.

Synopsis:

One of the world's largest exporters of oil faces mounting problems that could send shock waves through every major economy. Gustafson provides an authoritative account of the Russian oil industry from the last years of communism to its uncertain future. The stakes extend beyond global energy security to include the threat of a destabilized Russia.

About the Author

Thane Gustafson is Professor of Government at Georgetown University and Senior Director of IHS Cambridge Energy Research Associates.

Georgetown University

Product Details

ISBN:
9780674066472
Subtitle:
The Battle for Oil and Power in Russia
Author:
Gustafson, Thane
Publisher:
Belknap Press
Location:
Cambridge
Subject:
Russia (pre & post Soviet Union)
Subject:
Business - General
Subject:
Business & Economics : Industries - Energy
Subject:
BUSINESS & ECONOMICS / Government & Business
Subject:
POLITICAL SCIENCE / World / Russian & Former Soviet Union
Edition Description:
Cloth
Publication Date:
20121106
Binding:
Hardback
Language:
English
Illustrations:
3 maps, 7 charts, 2 tables
Pages:
672
Dimensions:
9 x 6 n

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Related Subjects

Business » General
History and Social Science » Russia » Soviet States Post 1985

Wheel of Fortune: The Battle for Oil and Power in Russia New Hardcover
0 stars - 0 reviews
$45.00 In Stock
Product details 672 pages Belknap Press - English 9780674066472 Reviews:
"Publishers Weekly Review" by , "Few Americans realize that Russia is the world's largest oil producer, providing 12% of global supply. Gustafson, an authority on Russian energy politics and professor of government at Georgetown University, writes of the uneasy relationship between the state and oil industry since the fall of the Soviet Union in 1991. Throughout, he documents 'unresolved conflict among Russians over the principles by which society and the economy should be run.' Intramural struggles for control of 'inherited oil assets and rent' in post-Soviet Russia and deep resistance to ostensibly superior Western technology have dragged down the industry. One major strand of the book follows the rise and fall of the private oil company Yukos and its CEO, Mikhail Khodorkovsky. The Yukos affair, particularly Khodorkovsky's arrest, signaled that Prime Minister Vladimir Putin intends to keep a firm grip on oil and much more. Gustafson grinds no axe, but concludes that Russians, comfortable with statism and coercion, 'are not well prepared to deal with the coming challenge' in the looming worldwide increase in demand For specialists in geopolitics or global energy, this exacting and lucid account should be required reading. The sheer amount of detail, though, may be difficult more casual readers. Much of Gustafson's account involves shady politicians and complex strategies that only experts will recognize or easily understand. 3 maps, 7 charts, 2 tables." Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
"Synopsis" by , One of the world's largest exporters of oil faces mounting problems that could send shock waves through every major economy. Gustafson provides an authoritative account of the Russian oil industry from the last years of communism to its uncertain future. The stakes extend beyond global energy security to include the threat of a destabilized Russia.
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