The Fading Arab Oil Empire

Published In: The National Interest, no. 120, July/Aug. 2012, p. 38-43

Posted on RAND.org on July 01, 2012

by Paul D. Miller

Read More

Access further information on this document at nationalinterest.org

This article was published outside of RAND. The full text of the article can be found at the link above.

The author discusses the geostrategic importance of the Middle East. The region matters to the United States chiefly because of its influence in the world oil market, but that influence has been in terminal decline for a generation, a fact almost wholly unnoticed by outside observers. A confluence of developments—including rising prices and production costs, declining reserves, and the availability of alternate fuels and unconventional sources of oil—will decisively undermine the defining role of the Middle East in the global energy market.

This report is part of the RAND Corporation external publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.