GEOS2121 Chapter Notes - Chapter 7: Renewable Energy, Neoliberalism, Value Chain
29 Nov 2018
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Document Summary
Where and how sources of energy are produced and consumed. Is oil itself a commodity: oil is combined with other materials to become products. Post-ww2: emergence and expansion of neoliberalism: usa supported and offered packages of neoliberalism + oil to countries, shift from war infrastructures to capital for green revolution after the war. Value chain of oil: cheap and easy transportation, promise of instant wealth (prosperity, damage and degradations elsewhere, away from the consumers. Involves the processes of production, extraction and distribution of oil. Global economy is predominantly centred on oil. Uneven distribution of wealth and impacts: = power relations, causes violence and conflicts, especially in producers, leads to collapses of the society (internal contradiction) Government/state owns the surface land (and the resources therein) corporations pay rents and taxes to the state. Case study: venezuela (socialist structure: venezuela has the largest oil reserve in the world, even larger than those in saudi.
