Includes bibliographical references (p. 203-206) and index.

Oil and the economy: The global oil outlook : an overview / International Energy Agency -- German concern over oil prices threatens European prosperity / Der Spiegel -- Venezuela's economy is shaped by oil prices / Mark Weisbrot -- U.S. Ambassador in Turkmenistan advocates security for the international oil supply / George Krol -- Saudi Arabia's oil capacity is disputed / Syed Rashid Husain -- Oil and the environment: China faces challenges on economic development and environmental protections / Noeleen Heyzer -- Japan is weaning itself from big oil and plans to lower carbon emissions / Stephen Hesse -- Canada's oil industry is committed to protecting the environment and remaining a global economic force / Dave Collyer -- China is exploiting Burma's oil supply and threatening its environment / Marwaan Macan-Markar -- Oil and politics: Global democracy and oil / William Rees-Mogg -- Nigeria deals with political havoc caused by oil companies / Anup Shah -- Angola learns valuable lessons about oil / Polly Ng, Philippe Le Billon -- Sudan's oil industry causes harm / Ruth West -- São Tomé and Príncipe aim to develop an oil industry and protect quality of life / Integrated Regional Information Networks (IRIN) -- Oil, poverty, and terrorism are linked concerns / Mohamed Sid-Ahmed -- The war between Israel and Lebanon was an oil war / Joel Bainerman -- The Venezuela oil supply shapes politics and culture / Gregory Wilpert -- Drilling for new sources of oil: Global drilling trends and innovations / Guy Woodall -- Norway's arctic oil exploration faces opposition / Gwladys Fouché -- Iceland hopes for oil discoveries in the Dragon zone / Bente Bergøy Miljeteig -- Ghana gets ready for oil export / Matt Brown -- Arctic oil exploration must not compromise the environment / Michael McCarthy.