What’s behind the Game of Oil?

Posted by Oilism.com on December 20th, 2007 at 05:39pm

More than in a half century long history Oil, has been the only one determining factor on international economy. The rise and fall in oil prices have shivered most of the biggest industry through out the world. Since the end of world war I oil has become the single most valuable element of shivering the entire economy of developed countries like US, UK and most of EU. Many other smaller factors have risen up since then but the politics of oil was the only determining factor for the Gulf war and Invasion of Iraq. Most economist and activist all around the world have the same assumption that oil was the only reason behind such tragictry events killing more than million people on both sides. This is the oil theory that has proved the sole supremacy of US over the world and has kept Russia in a leading position in the international politics despite their economy being poor and loose organizational structure.

Stopping the Oil imperialism

Most of the countries that produce crude oil hardly spends the money on their economic development or have public funds for such expenditure. The citizens of such countries have absolutely no role in the trade of oil. That benefits goes directly to the minority of people that control the whole process of selling and purchasing of oil. One intermediate solution to this problem can be using the oil as a public utility. According to this process, the handling of oil and its resources is given to private sector but the price is set by the public utilities department which controls the monopolization by any single entity.

The politics of Oil has some really hard dent on the international humanity like the 1990 Gulf war and recent invasion of Iraq; if the uncontrolled game of Oilisim is not stopped or controlled by the collective human support of all countries involved in it then it will surely bring in few more devastating events in near future. After the invasion in Iraq, US is already eyeing on Iran and Syria and a small fire from any side can light up the whole warfare scenario again which can be more devastating that earlier once. This should be stopped as the world needs some chance for peace, especially around Christmas.

Under Crude oil+ OPEC+ Oil