Saudi Arabia and many other wealthy, yet still “developing,” oil-producing states produce a great deal of oil for export to the world’s industrializing economies, and consume a great deal of oil at home as part of their own development. Oil is often heavily subsidized for domestic consumption and used very inefficiently, as with Saudi Arabia’s use of oil for over half its electrical generation (Links to an external site.). These use patterns and the centrality of oil to the economies and societies of these countries creates phenomena that social scientists like to study and classify. Many of these analysts, such as Michael Ross at the University of California at Los Angeles (Links to an external site.), have created the “resource curse” concept to describe maladies and pitfalls of these societies, often forgetting that both the US and the Soviet Union were and still are large oil producers. In considering aspects of these, address yourself to the questions below.
Your initial post should be at least 350 words and must substantively integrate the assigned readings in the instructions with proper APA (Links to an external site.) style formatting.
Krauss, C. (2007, December 9). Oil-rich nations use more energy, cutting exports. The New York Times. Retrieved from http://search.proquest.com.vlib.excelsior.edu/docview/433747147/706A4BEBE0C472APQ/1?accountid=134966
RadioFreeEurope/RadioLiberty (2017, July 5). Russia To Start Supplying Gas To China By Pipeline In December 2019 (Links to an external site.). Retrieved from https://www.rferl.org/a/russia-gazprom-start-supplying-gas-china-power-siberia-pipeline-december-2019/28596838.html
RT. (2014, September 1). Putin breaks ground on Russia-China gas pipeline, world’s biggest. RT TV. Retrieved from http://rt.com/business/184176-russia-china-gas-siberian-power/
Van Loon, J., & Paton, J. (2014, December 8). Jobs trump climate in bromance of Canada and Australia . Bloomberg News. Retrieved from http://www.bloomberg.com/news/articles/2014-12-07/jobs-trump-climate-as-bromance-ties-canada-australia-carbon-view