Fossil%20Fuels - PowerPoint PPT Presentation

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Fossil%20Fuels

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Fossil Fuels Geopolitical Implications Petroleum Supply and the Global Economy Petroleum Fuel Lubrication Plastics Cost of importing balance of trade Cost of ... – PowerPoint PPT presentation

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Title: Fossil%20Fuels


1
Fossil Fuels
  • Geopolitical Implications

2
Petroleum Supply and the Global Economy
  • Petroleum
  • Fuel
  • Lubrication
  • Plastics
  • Cost of importing balance of trade
  • Cost of transporting other goods
  • Currently, the U.S. imports over 40 of its
    petroleum

3
Fossil Fuels Distribution
  • As we saw with minerals, no nation is
    self-sufficient in fossil fuels
  • Nations must trade, form alliances or go to war
    for the resources they need
  • These factors are the basis for the political
    position of the Middle East

4
Geopolitics of Petroleum
5
Geopolitics of Petroleum
  • Desert warfare in World War II
  • OPEC and the Oil Embargo of the 1970s
  • Iraqs invasion of Kuwait
  • Persian Gulf War
  • Iraq War

6
Other Economic Aspects
  • Environmental Costs
  • Political Costs
  • Reduced flexibility in foreign policy
  • Economic hostages?
  • Multinational Corporations and issues of
    sovereignty?
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