Energy Kingdoms

Jim Krane's compelling narrative provides a ringside view of the economic and social transformation underway in the Gulf region. His realism leaves you in no doubt as to the scale of the challenge and the new politics rising to meet it.--David Hobbs, head of research, King Abdullah Petroleum Studies and Research Center, Riyadh Is it possible that oil exports from Gulf countries could be seriously threatened by skyrocketing demand in domestic consumption? In his scintillating book, Jim Krane offers a probing analysis of how these oil-rich nations are grappling with the lavish energy subsidies that are intrinsic to their political stability and modern state building.--Sophia Kalantzakos, New York University/NYU Abu Dhabi Jim Krane is a marvelous storyteller, and his book provides one of the best views of the world of oil as lived by everyday Arab Persian Gulf citizens, not just policy wonks. In the process, he gores a few sacred cows of academia, like the rentier state theory or the condescending dismissal of local Gulf achievements. The book is a must for all who have an interest in the impact energy has on the societies of the Gulf--and, by extension, on ours.--Jean-Fran ois Seznec, senior fellow at the Global Energy Center, the Atlantic Council Bravo to Jim Krane for his thoughtful and well-researched book that explains the important roles oil has played in the domestic economies and internal politics of the Persian Gulf states, and the hard choices they will have to make as they try to wean their citizens from a troubling reliance on it.--James A. Baker, sixty-first U.S. secretary of state under President George H.W. Bush A fascinating look at the double-edged sword that is the Gulf monarchies' greatest resource.--Science A concise history of the region's oil and gas boom and its consequences with an illuminating critique of the two main political science theories that have attempted to explain what oil riches mean for the region's politics.--Justin Fox Bloomberg Opinion Energy Kingdoms should be an essential read for anybody concerned about the future of the Gulf.--Arab News Energy Kingdoms is an outstanding work for those wanting to better understand the Gulf Arab oil-producing states.--John Bowlus Energy Reporters Krane tackles a central question for the Gulf monarchies: can rulers reduce subsidies, amending the 'rentier' social contract, without losing popular support? While prevailing wisdom has long assumed the answer is no, Krane makes a convincing case that such adaptation is not just necessary but also possible. Deftly combining journalistic flair with scholarly rigor, Energy Kingdoms is essential reading for anyone interested in the political and economic future of the Gulf states.--Gerd Nonneman, Georgetown University-Qatar Perhaps never before has the energy industry played such a pivotal role in the world's economic, geopolitical, and environmental future. At the heart of it all is the Persian Gulf region. Energy Kingdoms is a timely take on the challenges and complexities faced by the leaders of the Persian Gulf kingdoms, as well as the knock-on effects for the rest of the world. It is a meaningful contribution to our understanding of and response to those challenges.--Bobby Tudor, chairman, Tudor, Pickering, Holt & Co.