MER Article China and the Sudans It wasn’t supposed to be like this. South Sudan and Sudan had agreed to share oil revenue, oil was flowing again and, despite considerable problems, relations appeared headed in a slightly better direction. Both governments were drawn to China as a key provider and practical enabler of economic assi Daniel Large • 13 min read
MER Article Rewiring a State The Coalition Provisional Authority, the US-British body that briefly ruled in Baghdad from May 2003 to June 2004, had grand ambitions for Iraq. The idea was to transform the country completely from what was basically a command economy (notwithstanding liberalization measures in the 1990s) into an o Nida Alahmad • 15 min read
MER Article From the Editors (Spring 2013) “The Iraq war is largely about oil,” wrote Alan Greenspan in his memoir The Age of Turbulence (2007). “I’m saddened that it is politically inconvenient to acknowledge what everyone knows.” It may indeed be self-evident that the United States invaded Iraq in 2003, as the former Federal Reserve chairm (Author not identified) • 9 min read
Current Analysis Six Questions for Fareed Mohamedi It’s like clockwork: When the race for the White House is on, the contestants will promise to make America self-sufficient in energy. Everyone understands this concept to mean less dependence on imported oil from the Middle East, though politicians do not always come out and say so. The implication Chris Toensing • 6 min read
MER Article Embracing Crisis in the Gulf All claims to the contrary, the Persian Gulf monarchies have been deeply affected by the Arab revolutionary ferment of 2011-2012. Bahrain may be the only country to experience its own sustained upheaval, but the impact has also been felt elsewhere. Demands for a more participatory politics are on th Toby Jones • 9 min read
Current Analysis Strategic Commodity 101 Every US president since Jimmy Carter has spoken earnestly of the need to wean America from “foreign oil,” which is often more bluntly called “Middle East oil.” After the September 11, 2001 attacks and the resulting spotlight on Saudi Arabia, the clamor grew, only to subside, and now has resurfaced Chris Toensing • 3 min read
MER Article The Illegal Oil Trade Along Turkey's Borders According to a 2005 report from the Turkish parliament, approximately 3.75 billion liters (or 1 billion gallons) of smuggled oil enter Turkey every year. [1] This volume makes up 18 percent of the national oil market; the smuggling costs the state $3 billion in lost tax revenue. Oil smuggling Firat Bozcali • 15 min read
MER Article Petrodollars at Work and in Play in the Post-September 11 Decade What does one do with a $1.3 trillion windfall? That was the cumulative value of current account surpluses that flushed into the Arab region from 2000 to 2008, according to the International Monetary Fund. The main source was hydrocarbon export revenues, thanks to the rise in demand for oil Karen Pfeifer • 21 min read
Current Analysis The Push for Petro in the Twenty-First Century With another interminable presidential campaign approaching, Americans grit their teeth as the aspirants to the White House take turns deploring the country’s dependence on foreign (particularly “Middle Eastern”) oil. It is a theme as old as disco and the pet rock -- vapid and dull, yet forever capa Chris Toensing • 5 min read
MER Article Saudi Alchemy The abundance of oil in Saudi Arabia is staggering. With more than 250 billion barrels, the kingdom possesses one-fifth of the world’s oil reserves, affording it considerable influence Toby Jones • 14 min read
MER Article Speaking of Water “Life After People,” the History Channel’s plangently alarmist imagined documentary series on the vestiges of civilization after an unspecified catastrophe, forecasts an end for Dubai’s infamous Burj Khalifa, the tallest building in the world at 2,625 feet. The desert location of Dubai, coupled with the persistent engineering George R. Trumbull • 11 min read
MER Article The Gulf Comes Down to Earth Between the summer of 2008 and the beginning of 2009, oil prices plummeted from a high of $147 per barrel to a low of $33. This extraordinary reversal of fortune announced the end of the second oil boom for the countries of the Gulf Cooperation Council (GCC) -- Bahrain, Kuwait, Oman, Qatar, Saudi Ar Kristen Smith Diwan, Fareed Mohamedi • 21 min read
