Oil-Fueled Accumulation in Late Capitalism
Energy, Uneven Development, and Climate Crisis
Bibliographic Data
| ID | 13085579 |
|---|---|
| Authors | Roberto J Ortiz (0000-0001-7131-9762, California State University, Long Beach, corresponding author) |
| Year | 2020 |
| Volume | 7 |
| Issue | 2 |
| Pages | 205-240 |
| Publication date | 2020-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Critical Historical Studies (JOURNAL) |
| Journal identifiers | ISSN: 2326-4462 • E-ISSN: 2326-4470 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/710799 |
| OpenAlex | W3109480922 |
| Language | EN |
| Citations received | 12 |
| References cited | 36 |
Capitalist development since the 1940s has been fueled by global oil extraction. Cheap oil was the core energy input in the post–World War II expansion. By the 1970s, the limits of this oil-fueled accumulation regime began to appear. During that decade, a series of oil price hikes combined with other sources of tension to form a deep accumulation crisis. The crisis of the 1970s showed the effects that a strategic circulating capital—in this case, petroleum—has in shaping profitability trends. Today, the possible recessionary effects caused by oil price hikes are joined on the environmental side by another problem: the continued burning of fossil fuels exacerbates the climate crisis. To address this double contradiction, I revisit the Marxian theory of crisis in a world-historical and world-ecological framework. With this framework, I unpack the historical connections between petroleum, uneven development, accumulation crises, and climate change
Capital (architecture · Capitalism · Climate change · Contradiction · Economics · Economy · Fossil fuel · Geography · Market economy · Natural resource economics · Peak oil · Petroleum · Political science · Politics · Profitability index · Economic Theory and Policy · Engineering · Finance · Geology · Global Energy and Sustainability Research · Political Economy and Marxism
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Rethinking African Ecocriticism Beyond Regional Boundaries
Decarbonization and the Capitalist State
Precarious Petroleum
Weathering the Crisis
Climate change, counter-terrorism and capitalist development in Somalia
Class Power in Hard Times
The Urban Political Ecology of Petro‐Colonialism
Spatial Competition and Unevenness in Global Capitalism
All that is Frozen Melts into the Sea
Background check
The Ecology of Oil
Lifeblood
Global temperature change
The geographical distribution of fossil fuels unused when limiting global warming to 2 °C
Global food security under climate change
Behind the Crisis
The Hidden Hand of American Hegemony
Black Gold, White Crude
The Use of Gasoline
The long twentieth century
Oil and the Marshall Plan
Oil in parallax
Brief History of Neoliberalism
Cheap Food and Bad Climate
Oil and the American Century
Fueling the Boom
The Stormy Relations between Rafael Correa and Social Movements in Ecuador
Fighting for the Forests
System Failure
Forty Years of Oil Price Fluctuations
Climate fraud and carbon colonialism
Asserting State Authority through Environmental Monitoring
Global Crisis and Latin America
Why Petroleum Did Not Save the Whales
Agro-Industrialization, Petrodollar Illusions and the Transformation of the Capitalist World Economy in the 1970s
The End of the Road? Agricultural Revolutions in the Capitalist World-Ecology, 1450-2010
| Unique citing works | 12 |
|---|---|
| Citations per year | 2,4 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 11 |