Wheel of Fortune: The Battle for Oil and Power in Russia,New
Wheel of Fortune: The Battle for Oil and Power in Russia,New
Wheel of Fortune: The Battle for Oil and Power in Russia,New

Wheel of Fortune: The Battle for Oil and Power in Russia,New

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The Russian oil industrywhich vies with Saudi Arabia as the worlds largest producer and exporter of oil, providing nearly 12 percent of the global supplyis facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russias oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia.Gustafson, a leading consultant and analyst of the politics of energy in the former Soviet Union, draws on interviews with key players over the course of two decades to provide a detailed history of the oil industrys evolution since the breakup of the Soviet Union. At its center is the complex and fraught relationship between the oil industry and the state, which loosened its grip under Yeltsin only to tighten it again under Putin. As oil becomes harder to find and more expensive to produce and deliver, Gustafson warns, Russias growing dependence on revenue from oil exports, along with its inefficient and oftencorrupt management of the industry, is unsustainable.A rich but troubled Soviet legacy, the conflicting ambitions of politicians and industry oligarchs, and the excesses of capitalism Russianstyle threaten to lead Russia to an impasse. Involving the oil industry in the countrys modernization agenda and remaking its relationship to the state, Gustafson argues, is Russias best path toward a stable economy and a safer world.

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Frequently Asked Questions

  • Q: What is the main focus of 'Wheel of Fortune: The Battle for Oil and Power in Russia'? A: The book primarily focuses on the evolution of the Russian oil industry, its relationship with the state, and how these dynamics affect Russia's economy and global energy security.
  • Q: Who is the author of this book? A: The author is Thane Gustafson, a recognized consultant and analyst specializing in energy politics in the former Soviet Union.
  • Q: What significant time period does the book cover? A: It covers the vital years from the last phase of communism in Russia through the post-Soviet era, analyzing the industry's development up to its uncertain future.
  • Q: How many pages does the book have? A: The book contains a total of 672 pages.
  • Q: What is the condition of the book? A: The book is listed in 'Good' condition, indicating it may show some signs of wear but is still in acceptable shape for reading.
  • Q: What type of binding does the book have? A: The book is bound in hardcover, providing durability and a premium feel.
  • Q: When was 'Wheel of Fortune' published? A: The book was published on November 6, 2012.
  • Q: What category does this book fall under? A: This book is categorized under 'Economic History', making it suitable for readers interested in historical economic analysis.
  • Q: What are the key themes explored in the book? A: Key themes include the interdependence of Russia's oil industry, politics, and economy, as well as issues related to energy security and economic sustainability.
  • Q: Is this book suitable for academic research? A: Yes, the book provides a comprehensive historical account and analytical insights, making it a valuable resource for academic research on energy politics and economic history.