Crude Capitalism: Oil, Corporate Power, and the Making of the World Market | Prof Adam Hanieh

In this episode of The afikra Podcast, host Mikey Muhanna speaks with Professor Adam Hanieh, author of "Crude Capitalism: Oil, Corporate Power, and the Making of the World Market," to discuss the transformative role of oil in shaping global economics and politics. The conversation delves into the historical context of oil production, including the rise of Standard Oil and the dominance of the Seven Sisters, the emergence of the term "petrodollars," OPEC's influence, and the strategic movements of oil in the global market. The discussion also addresses the implications of oil on geopolitical relations, particularly in the Middle East, the US, and the emerging role of China. Prof Hanieh examines the flawed solutions proposed to address the climate crisis and the ongoing pervasiveness of fossil fuel reliance.