The Tyranny of Oil
The World's Most Powerful Industry--and What We Must Do to Stop It
By Antonia Juhasz
(William Morrow, Hardcover, 9780061434501, 480pp.)
Publication Date: October 1, 2008
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Why are oil and gas prices so high?
Who's really controlling those prices?
How much oil is left?
How far will Big Oil go to get it?
And at what cost to the environment, human rights, the economy, worker safety, public health, and democracy?
The answers aren't what you think. They're much worse. But there's also plenty that we can do about it.
As oil prices—and public outrage—skyrocket, Antonia Juhasz, a leading industry critic and expert on corporations and globalization, gives us the hardest-hitting exposé of the oil industry in decades. In The Tyranny of Oil she investigates the true state of the U.S. oil industry—uncovering its virtually unparalleled global power, influence over our elected officials, and lack of regulatory oversight, as well as the truth behind $150-a-barrel oil, $4.50-a-gallon gasoline, and the highest profit in corporate history. Exposing an industry that thrives on secrecy, Juhasz shows how Big Oil manages to hide its business dealings from policy makers, legislators, and, most of all, consumers. She reveals exactly how Big Oil gets what it wants—through money, influence, and lies.
The Tyranny of Oil offers both a new take on problems and a new set of solutions as Juhasz puts forward an immediate call to action—a formula for reining in the industry, its governmental lobbying power, environmental destruction, and violence while reducing global dependence on oil. Her thought-provoking answers to the most pressing energy questions speak directly to readers concerned about oil and gas prices, global warming, wars for oil, and America's place in the world. With the major players in the world's most powerful industry charged with collusion, price-gouging, anticompetitive behavior, and unabashed greed, Juhasz calls boldly for the breakup of Big Oil.
Drawing on considerable historical research, Juhasz explores the parallels between today's companies and Standard Oil, the most powerful corporation of the early twentieth century, whose stranglehold on the economy and government was broken only by the vision and persistence of activists and like-minded politicians. We are in a similar position today, she argues, with powerful opportunities available for ordinary Americans to come together, reclaim their voices, and shore up our nation's crumbling democratic foundation.
A tool for meaningful change that blends history, original investigative research and reporting, candid interviews with key insiders, and a unique focus on activism, The Tyranny of Oil is required reading for every concerned global citizen.