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Crude Capitalism by Adam Hanieh
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Crude Capitalism

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Crude Capitalism by Adam Hanieh
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Sep 17, 2024 | ISBN 9781839763427

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Praise

“The trail of the serpent reaches into all the practices of man, said Ralph Waldo Emerson, of chattel slavery, and “requires a certain shutting of the eyes.” So too today does oil. It’s everywhere and that’s why everything feels greasy. Adam Hanieh’s excellent Crude Capitalism forces us to unshut our eyes, to see the way fossil fuels penetrate all aspects of modern society, both concrete and abstract. An important book.”
—Greg Grandin, author of The End of the Myth

“Adam Hanieh is essential reading for anyone hoping to understand the role of oil in the global economy. In Crude Capitalism, he has provided a field guide for navigating the difficult terrain in which we now find ourselves: situated between an accelerating climate crisis and an economy structured around fossil fuels. His insightful dissection of the often invisible ubiquity of fossil fuels in our lives – reaching far beyond energy into the food we eat, the clothes we wear and the medicines we prescribe – is integral to understanding not only why we remain so stuck in our fossil-addicted present, but critically how we might move beyond it.”
—Adrienne Buller, author of The Value of a Whale

“Wait no longer. At last, we have a critical history of petro-power that brilliantly links commodities, capital, and climate change. Crude Capitalism is a truly stunning book, tracking the history of oil through war, imperial rivalry, global finance, and world ecology. The result is an utterly compelling work, one we urgently need both to understand the world-and to change it.”
—David McNally, author of Blood and Money: War, Slavery, Finance, and Empire

“Adam Hanieh’s analysis of Crude Capitalism, written in the tradition of Andreas Malm’s now classic work Fossil Capital, provides a powerful historical account of how the world oil economy is inextricably connected both to contemporary capitalism and to the current climate crisis. Following the penetration of fossil fuels into every part of the modern capitalist mechanism, Hanieh demonstrates definitively that there are no partial solutions to the planetary emergency, only ecosocialist ones.”
—John Bellamy Foster, author of The Dialectics of Ecology

“The world’s leading scholar of oil gives us a majestic account of how it became our daily bread. Read and run for your life.”
—Andreas Malm

Table Of Contents

Acknowledgements


1. Approaching Oil
2. Petro-Power: The Rise of the US Oil Industry
3. The Middle East and the Seven Sisters
4. A Russian Interlude: From Baku to the Bolsheviks
5. Post-war Transitions I: Europe’s Shift to Oil
6. Post-war Transitions II: Anti-colonial Revolt and OPEC
7. Petrochemicals and the Emergence of a Synthetic World
8. A Moment of Rupture: Myths and Consequences of the First Oil Shock
9. US Power, Oil, and Global Finance
10. Oil and Capital in Post-Soviet Russia
11. A Sorority Reborn: The Western Supermajors, 1990–2005
12. NOCs and the New East-East Hydrocarbon Axis
13. Confronting the Climate Emergency



Index

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