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1 Burnside International Studies- Oil Politics

The Oil and the Glory: The Pursuit of Empire and Fortune on the Caspian Sea

by

The Oil and the Glory: The Pursuit of Empire and Fortune on the Caspian Sea Cover

 

Synopses & Reviews

Publisher Comments:

Remote, forbidding, and volatile, the Caspian Sea long tantalized the world with its vast oil reserves. But outsiders, blocked by the closed Soviet system, couldnt get to it. Then the Soviet Union collapsed, and a wholesale rush into the region erupted. Along with oilmen, representatives of the worlds leading nations flocked to the Caspian for a share of the thirty billion barrels of proven oil reserves at stake, and a tense geopolitical struggle began. The main players were Moscow and Washington-the former seeking to retain control of its satellite states, and the latter intent on dislodging Russia to the benefit of the West.

The Oil and the Glory is the gripping account of this latest phase in the epochal struggle for control of the earths “black gold.” Steve LeVine, who was based in the region for The Wall Street Journal, The New York Times, and Newsweek, weaves an astonishing tale of high-stakes political gamesmanship, greed, and scandal, set in one of the most opaque corners of the world. In LeVines telling, the worlds energy giants jockey for position in the rich Kazakh and Azeri oilfields, while superpowers seek to gain a strategic foothold in the region and to keep each other in check. At the heart of the story is the contest to build and operate energy pipelines out of the landlocked region, the key to controlling the Caspian and its oil. The oil pipeline that resulted, the longest in the world, is among Washingtons greatest foreign policy triumphs in at least a decade and a half.

Along the way, LeVine introduces such players as James Giffen, an American moneyman who was also the political “fixer” for oil companies eager to do business on the Caspian and the broker for Kazakhstans president and ministers; John Deuss, the flamboyant Dutch oil trader who won big but lost even bigger; Heydar Aliyev, the oft-misunderstood Azeri president who transcended his past as a Soviet Politburo member and masterminded a scheme to loosen Russian control over its former colonies in the Caspian region; and all manner of rogues, adventurers, and others drawn by the irresistible pull of untold riches and the possible “final frontier” of the fossil-fuel era. The broader story is of the geopolitical questions of the Caspian oil bonanza, such as whether Russia can be a trusted ally and trading partner with the West, and what Washingtons entry into this important but chaotic region will mean for its long-term stability.

In an intense and suspenseful narrative, The Oil and the Glory is the definitive chronicle of events that are understood by few, but whose political and economic impact will be both profound and lasting.

"The collapse of the Soviet Union was a big opportunity for Big Oil, whose exploits are detailed in this fast-paced work of political and economic reportage by Wall Street Journal energy correspondent LeVine.

Westerners had been sniffing for black gold in Russia and its satellites long before the empire disintegrated, notes the author. Averell Harriman, “the Harvard-trained scion of nineteenth-century robber baron Edward Harriman,” tried his hand at the business before turning to manganese mining, while Armand Hammer “became a money launderer for the Bolsheviks, sneaked cash to secret Bolshevik agents in the United States, and profited handsomely as the representative in Russia of some thirty American companies.” Hammer set the tone for the Americans who flocked to the Caspian in the first years of the Clinton presidency, which maneuvered for the construction of an east-west oil pipeline that, by reversing the old pattern of Central Asian materials going north to Russia and coming back as products for sale, “would favor the West and disfavor Russia.” Not a nice way to treat a fledgling democracy, but the oil scouts, of course, considered Russia a rival for Central-Asian resources second only to Iran, with its heartfelt and long-standing enmity toward the United States in the region and abroad. These scouts-the first among equals being LeVines heart-of-darkness antihero, Jim Giffen-kept their distance when Russia still had control over the area, spurning a Gorbachev-era program to allow foreign co-ownership. But they rushed to support separatist movements and encouraged ethnic and political divisions that opened the door to an even bigger share of the wealth. The tale of Giffens rise and fall (the latter for perhaps surprising reasons) occupies much of the later pages, but he never loses sight of the bigger picture: namely, Central Asia as oil lamp and potential powder keg in the realpolitik of the next few years.

A complex story rendered comprehensible, with much drama and intrigue."--KIRKUS

Book News Annotation:

Writing for a general audience, foreign correspondent LeVine provides a narrative account of the political and economic maneuverings for control of the oil of the Caspian Sea region in the years following the collapse of the Soviet Union. He discusses the oil company representatives and their often-shady dealings with Caspian Sea politicians and dictators and also explores the geopolitical implications of the entry of the United States into a region considered by Russia as its backyard. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

Remote, forbidding, and volatile, the Caspian Sea long tantalized the world with its vast oil reserves. But outsiders, blocked by the closed Soviet system, couldn’t get to it. Then the Soviet Union collapsed, and a wholesale rush into the region erupted. Along with oilmen, representatives of the world’s leading nations flocked to the Caspian for a share of the thirty billion barrels of proven oil reserves at stake, and a tense geopolitical struggle began. The main players were Moscow and Washington–the former seeking to retain control of its satellite states, and the latter intent on dislodging Russia to the benefit of the West.

The Oil and the Glory is the gripping account of this latest phase in the epochal struggle for control of the earth’s “black gold.” Steve LeVine, who was based in the region for The Wall Street Journal, The New York Times, and Newsweek, weaves an astonishing tale of high-stakes political gamesmanship, greed, and scandal, set in one of the most opaque corners of the world. In LeVine’s telling, the world’s energy giants jockey for position in the rich Kazakh and Azeri oilfields, while superpowers seek to gain a strategic foothold in the region and to keep each other in check. At the heart of the story is the contest to build and operate energy pipelines out of the landlocked region, the key to controlling the Caspian and its oil. The oil pipeline that resulted, the longest in the world, is among Washington’s greatest foreign policy triumphs in at least a decade and a half.

Along the way, LeVineintroduces such players as James Giffen, an American moneyman who was also the political “fixer” for oil companies eager to do business on the Caspian and the broker for Kazakhstan’s president and ministers; John Deuss, the flamboyant Dutch oil trader who won big but lost even bigger; Heydar Aliyev, the oft-misunderstood Azeri president who transcended his past as a Soviet Politburo member and masterminded a scheme to loosen Russian control over its former colonies in the Caspian region; and all manner of rogues, adventurers, and others drawn by the irresistible pull of untold riches and the possible “final frontier” of the fossil-fuel era. The broader story is of the geopolitical questions of the Caspian oil bonanza, such as whether Russia can be a trusted ally and trading partner with the West, and what Washington’s entry into this important but chaotic region will mean for its long-term stability.

In an intense and suspenseful narrative, The Oil and the Glory is the definitive chronicle of events that are understood by few, but whose political and economic impact will be both profound and lasting.

Synopsis:

After the Soviet Union crumbles, oil in the Caspian region becomes accessible to the West for the first time. LeVine takes readers from the pipeline builders and oil extractors to the boardrooms of Chevron and BP to meetings between corrupt officials and U.S. dealmakers as the race for oil heats up.

About the Author

Steve LeVine was a foreign correspondent for eighteen years, posted in the Soviet Union, Pakistan, and the Philippines, reporting for The Wall Street Journal, The New York Times, The Washington Post, Financial Times, and Newsweek. He lives in Dallas.

Product Details

ISBN:
9780375506147
Author:
Levine, Steven
Publisher:
Random House
Author:
Levine, Steve
Subject:
World - General
Subject:
Petroleum industry and trade
Subject:
History
Subject:
Caspian Sea Region Politics and government.
Subject:
World
Subject:
World History-General
Copyright:
Publication Date:
20080131
Binding:
HARDCOVER
Grade Level:
General/trade
Language:
English
Illustrations:
16-PP PHOTO INSERT
Pages:
496
Dimensions:
9.52x6.34x1.60 in. 1.71 lbs.

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Related Subjects

Business » General
Business » Management
Business » Writing
History and Social Science » Politics » Politics of Oil
History and Social Science » Politics » United States » Foreign Policy
History and Social Science » World History » General
Science and Mathematics » Geology » Petroleum Geology

The Oil and the Glory: The Pursuit of Empire and Fortune on the Caspian Sea Used Hardcover
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$18.95 In Stock
Product details 496 pages Random House - English 9780375506147 Reviews:
"Synopsis" by , Remote, forbidding, and volatile, the Caspian Sea long tantalized the world with its vast oil reserves. But outsiders, blocked by the closed Soviet system, couldn’t get to it. Then the Soviet Union collapsed, and a wholesale rush into the region erupted. Along with oilmen, representatives of the world’s leading nations flocked to the Caspian for a share of the thirty billion barrels of proven oil reserves at stake, and a tense geopolitical struggle began. The main players were Moscow and Washington–the former seeking to retain control of its satellite states, and the latter intent on dislodging Russia to the benefit of the West.

The Oil and the Glory is the gripping account of this latest phase in the epochal struggle for control of the earth’s “black gold.” Steve LeVine, who was based in the region for The Wall Street Journal, The New York Times, and Newsweek, weaves an astonishing tale of high-stakes political gamesmanship, greed, and scandal, set in one of the most opaque corners of the world. In LeVine’s telling, the world’s energy giants jockey for position in the rich Kazakh and Azeri oilfields, while superpowers seek to gain a strategic foothold in the region and to keep each other in check. At the heart of the story is the contest to build and operate energy pipelines out of the landlocked region, the key to controlling the Caspian and its oil. The oil pipeline that resulted, the longest in the world, is among Washington’s greatest foreign policy triumphs in at least a decade and a half.

Along the way, LeVineintroduces such players as James Giffen, an American moneyman who was also the political “fixer” for oil companies eager to do business on the Caspian and the broker for Kazakhstan’s president and ministers; John Deuss, the flamboyant Dutch oil trader who won big but lost even bigger; Heydar Aliyev, the oft-misunderstood Azeri president who transcended his past as a Soviet Politburo member and masterminded a scheme to loosen Russian control over its former colonies in the Caspian region; and all manner of rogues, adventurers, and others drawn by the irresistible pull of untold riches and the possible “final frontier” of the fossil-fuel era. The broader story is of the geopolitical questions of the Caspian oil bonanza, such as whether Russia can be a trusted ally and trading partner with the West, and what Washington’s entry into this important but chaotic region will mean for its long-term stability.

In an intense and suspenseful narrative, The Oil and the Glory is the definitive chronicle of events that are understood by few, but whose political and economic impact will be both profound and lasting.

"Synopsis" by , After the Soviet Union crumbles, oil in the Caspian region becomes accessible to the West for the first time. LeVine takes readers from the pipeline builders and oil extractors to the boardrooms of Chevron and BP to meetings between corrupt officials and U.S. dealmakers as the race for oil heats up.
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