Oil Imperialism, OiI Politics and Development Economics

Oil Imperialism, OiI Politics and Development Economics Arun Ghosh Recent international events have been a reminder that 'imperialism' in the true sense of the term has been in action in regard to control over oil supplies for as long as one can remember, that to this day nothing has really changed, that the champions of the 'market system' in the capitalist world are the most prone to controlling and bending the market to suit their purposes insofar as oil supplies are concerned, that even the most liberal of western thinkers are found to suddenly become chauvinistic and indeed harbourers of imperial designs when the question of control over oil supplies comes to the fore.