Will power shift from big oil producers to smaller ones?
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: Will power shift from big oil producers to smaller ones?
Michael Klare: Well, we are already beginning to see that. I should say that Saudi Arabia may be able to increase its production there is so lot of debate among specialists in the field about this. The Saudis claim that they could increase their production, but many experts say that they are concealing the truth about their ability to increase their output, that in fact their major fields are in decline and then in new fields that they are bring online will be needed to compensate for their decline of their older fields. The same thing is true in Russia, it is older fuels are in decline, they are bringing on line newer fields and the far east of Oaklyn island, but those fields probably will be needed to compensate for the decline of all their fields. So, there really aren’t too many other places where you are going to see an increase and those are going to be hotly contested.
Many experts doubt the ability of Saudi Arabia to increase its output, Klare says.
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