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"'A "must read" antidote to the gloom and doom conclusions of oil scarcity. Effectively undermines the validity of the theory of Peak Oil and comprehensively demolishes the arguments of its proponents.' Peter R. Odell, Professor Emeritus of International Energy Praise for Empires of Oil: 'If you read just one book on oil this year let it be by Duncan Clarke' Financial Times"
Professor Tony Hawkins, correspondent for the Financial Times
`Now that oil is Africa's leading export, Duncan Clarke's incisive, comprehensive study of African crude could not be timelier. With his background in energy and development economics, he is pre-eminent in the field. No other writer matches his unique knowledge of the global energy industry and Africa's historical, political and economic oil context. Clarke's insights into contemporary policy, poverty, corporate strategies and African geopolitics make this book required reading for energy industry executives, investment analysts and African policy-makers, diplomats, donor agencies, banks and international lenders. He provides a robust riposte to those pundits in think tanks and international financial institutions for whom oil is a `resource curse', solely responsible for regional wars and civil unrest. Instead, he believes, given appropriate institutions, oil and gas "could and should be central to Africa's reconstruction." Very good stuff.'
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6 of 6 people found the following review helpful
Format:Hardcover
This is a big book and it needs to be, because it has both breadth and depth. The breadth comes from the geographical coverage. It doesn't cover only the obvious places, such as Nigeria: it also details the activities of the oil and gas industry in places that I didn't know had any! The depth comes from the explanation of the industry's structure, which includes not only the large corporations.
The text provides a survey of Africa's relationship to the international industry including both the activities in Africa of companies from abroad (notably now the Chinese) and those of African companies operating beyond Africa.
For me the most interesting parts are the accounts of the minnows - the small, entrepreneurial companies that one usually hears very little of - and of Africa's indigenous oil industry.
This is a serious-minded book that is concerned to inform and explain, though the author's strong emotional engagement with the continent also comes through.
The text provides a survey of Africa's relationship to the international industry including both the activities in Africa of companies from abroad (notably now the Chinese) and those of African companies operating beyond Africa.
For me the most interesting parts are the accounts of the minnows - the small, entrepreneurial companies that one usually hears very little of - and of Africa's indigenous oil industry.
This is a serious-minded book that is concerned to inform and explain, though the author's strong emotional engagement with the continent also comes through.
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