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Still in the Danger Zone

Author

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  • Nitzan, Jonathan
  • Bichler, Shimshon

Abstract

In December 2017, we posted a RWERB entry, titled ‘Profit warning: there will be blood’. We warned that, although the Weapondollar-Petrodollar Coalition might no longer be in the Middle East driver’s seat, the oil and armament companies, the region’s oil-exporting autocracies and various non-state groups were all keen on seeing their oil incomes rise from record lows. And we ob-served that, in this context, ‘the prospects of a new energy conflict, whether premeditated or co-incidental, seem extremely high’. [. . .] We can only hope that the current round of Middle East hostilities won’t be proportional to the size of its current danger zone.

Suggested Citation

  • Nitzan, Jonathan & Bichler, Shimshon, 2020. "Still in the Danger Zone," EconStor Preprints 210481, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esprep:210481
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    More about this item

    Keywords

    differential accumulation; Middle East Energy Conflicts;

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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