Oil and History

By Dr. Morris Mottale

Editor’s Note: During the contemplation of subject-matter for the September issue I was able to attend a guest lecture in New York regarding conflict in the middle east by an old university Professor of mine, Dr. Morris Mottale. We discussed his doing an article on the region as the region’s politics have a direct macro-economic impact on the globe and a significant impact on OPEC politics and therefore the micro-economy of the tanker trade.

What was difficult at the time was the contextual atmosphere whereby a macro-political piece would have specific relevance to the tanker and/or shipping markets and the idea went by the way-side for September. Obviously, September 11th provided the horrific context and relevance for the October issue.

Below Prof. Mottale implies that the differentiation between politics and business may no longer be possible as it will be dictated, more than ever before, by security concerns. This can and will affect trade and energy practices that could have sincere impact on how we ship oil and other goods. That obviously could alter shipping investment. His text follows, enjoy. – Urs M. Dür.

This is only an excerpt of Oil and History

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.