Oil, Dollars, Debt, and Crises studies the causes of the
current oil and global financial crisis and shows how
America's and the world's growing dependence on oil has
created a repeating pattern of banking, currency, and
energy-price crises. Unlike other books on the current
financial crisis, which have focused on U.S. indebtedness
and American trade and economic policy, Oil, Dollars, Debt,
and Crises shows the reader a more complex picture in which
transfers of wealth to and from the Middle East result in a
perfect storm of global asset and financial market bubbles,
increased unrest, terrorism and geopolitical conflicts, and
eventually rising costs for energy. Only by addressing
long-term energy policy challenges in the West, economic
development challenges in the Middle East, and the
investment horizons of financial market players can policy
makers ameliorate the forces that have been causing
repeating global economic crises.
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