Petroleum politics have been an increasingly important aspect of diplomacy since the rise of the petroleum industry in the Middle East in the early 20th century. As competition grows for an increasingly scarce but vital resource, the strategic calculations of major and minor countries alike place more prominent emphasis on the pumping, refining, transport and use of petroleum products.
Read more about Petroleum Politics: Quota Agreements, Peak Oil, Pipeline Diplomacy in Caucasus, Politics of Oil Nationalization, Politics of Alternative Fuels
Famous quotes containing the word politics:
“While you’re playing cards with a regular guy or having a bite to eat with him, he seems a peaceable, good-humoured and not entirely dense person. But just begin a conversation with him about something inedible, politics or science, for instance, and he ends up in a deadend or starts in on such an obtuse and base philosophy that you can only wave your hand and leave.”
—Anton Pavlovich Chekhov (1860–1904)