If money makes the world go round, oil sure comes a very close second. With surging worldwide demand, upward price trends (despite recent falls) and dwindling reserves concentrated mainly in US-unfriendly states, this priceless fossil fuel has become a major magnet for conflict, instability and power politics. Most recently, this has been borne out by the imperialist forays by Russia into the Caucasus, and by the US in Iraq and Afghanistan. The slavish and unwavering pursuit of oil as the catalyst to economic growth also remains the principal cause of global warming, with energy related emissions set to double by 2050.
