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The Dig: The Fall of OPEC w/ Giuliano Garavini

Jacobin Radio

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The Role of Oil in the Rise of Neoliberalism

Oil has obviously continued to play a key role in the global economy and geopolitics since you know the neoliberal counter revolution. From 1980 to today we have witnessed an enormous expansion globally of the use of all fossil fuels weirdly even coal so there's not been a decline in the use of any of the key fossil fuels that are responsible for climate change. So had there been a possibility to change a development model with the energy shocks of the 1970s we know this has not happened from 1980 to the financial crisis of 2007 2008 or possibly even until the COVID crisis.

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