Where are the new oil booms?
Michael T. Klare is the Five College Professor of Peace and World Security Studies (a joint appointment at Amherst College, Hampshire College, Mount Holyoke College, Smith College, and the University of Massachusetts at Amherst), and Director of the Five College Program in Peace and World Security Studies (PAWSS), a position he has held since 1985. Before assuming his present post, he served as Director of the Program on Militarism and Disarmament at the Institute for Policy Studies in Washington, D.C. (1977-84).
Professor Klare has written widely on U.S. defense policy, the arms trade, and world security affairs. He is the author of Blood and Oil: The Dangers and Consequences of America’s Growing Dependency on Imported Petroleum (Metropolitan Books, 2004), along with many other books. He is also the defense correspondent of The Nation, a Contributing Editor of Current History, and has contrbuted to numerous publications.
Michael Klare serves on the board of directors of the Arms Control Association, and the advisory board of the Arms Division of Human Rights Watch; he is also a member of the Committee on International Security Studies of the American Academy of Arts and Sciences.
Question: Where are the new oil booms?
Michael Klare: The new oil booms? Well, they are really a very few countries left in the world that are capable of adding to the world supply of oil. Most of the oil producers are in decline, so that handful of countries that are able to increase oil are Azerbaijan and Kazakhstan and the Caspian’s sea area, may be Iraq, in the Persian gulf and we know what problems are faced in Iraq and then Africa, Algeria, Libya, Sudan, Angola equatorial Guinea and Nigeria and not too many other countries really may, be Venezuela may be Colombia, but that is about it.
There aren’t too many of them left, Klare says.