Crude awakenings : global oil security and American foreign policy / Steve A. Yetiv.

Includes bibliographical references and index.

1. Introduction -- 2. Threats to Saudi stability -- 3. Power shifts -- 4. The chief guarantor of oil stability -- 5. The United States in the Middle East before and after September 11 -- 6. The Cold War and global interdependence -- 7. The China factor -- 8. The oil weapon -- 9. Multiple cushions for oil shocks -- 10. Oil market dynamics and OPEC -- 11. Global oil, high technology, and the environment -- 12. Twenty-first-century threats to global oil stability -- App. The Middle East and global energy : a chronology, 1973-2003.

"Steve A. Yetiv argues that common assumptions about oil markets are wrong. Although prices remain volatile, Yetiv's account portrays a world market in petroleum products far more benign and predictable than the one to which we are accustomed. In Crude Awakenings, he identifies and analyzes real and potential threats to the global energy supply, including wars, revolutions, coups, dangerous alliances, oil embargoes, Islamic radicalism, and transnational terrorism. However, he also shows how some of these threats have been mitigated and how global oil security has been reinforced."--BOOK JACKET.