Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
How Oil Fuels Global Capitalism | Adam Hanieh | TMR
Posted
October 5, 2024
Views
4,884
Likes
253
Comments
17
Engagement
5.53%
October 5, 2024
4,884
253
17
5.53%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
23:34Now PlayingLive-streamed on October 3, 2024
Adam Hanieh, development studies academic based in the UK, joins to discuss his recent book Crude Capitalism: Oil, Corporate Power, and the Making of the World Market.
Adam Hanieh joins, briefly touching on his lived experience in the Middle East before diving deep into the central role that the evolution of fossil fuels has played in shaping Western hegemony over the past century and a half, from the rise of coal directly fueling the growth of the British Empire, and well through the “transition” to oil (really more of an addition than transition) and the rise of US Empire. Expanding on this latter point, Hanieh walks Emma through the rise of the oil industry in the mid-20th Century as a product of monopoly, with near-complete vertical integration in an industry dominated by seven companies (five of which were American), also touching on the major role oil reserves in the Persian Gulf played in the evolution of the Cold War, as the US stepped in for dwindling British and French colonial power in the Middle East, establishing a strong alliance with the Saudi regime before Israel’s success in the 1967 war added another major US proxy in the region, with even greater control over the Suez Canal – two relationships that remain central to US interests with the ongoing push for the Abraham Accords. After expanding on the role of the US in bolstering instability and insecurity in the region to secure their influence, Adam wraps up by unpacking the evolution of OPEC and its role as a supposedly decolonial institution headed by a major US-ally and authoritarian regime in Saudi Arabia.
Watch the Majority Report live MondayFriday at 12 p.m. EST on YouTube OR listen via daily podcast at
#SamSeder #EmmaVigeland #MajorityReport #politics #news
Support the show by becoming a member
Get all your MR merch at our store
Gift a Majority Report subscription here
Subscribe to the AMQuickie newsletter here
Join the Majority Report Discord!
Get the free Majority Report App!
CHECK OUT MORE from the MR crew:
Matt Binder DOOMED
Brandon Sutton DISCOURSE
Emma Vigeland ESVN
Matt Lech LEFT RECKONING
OTHER LINKS:
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
