Debate the merits and problems of oil nationalisation for Iran Essay

Debate the merits and problems of oil nationalisation for Iran - Essay Example This paper will analyze the various merits and problems that faced Iran as a result of nationalization of its oil industry. Structure of the Paper The basic structured in a manner that its initial page provides a cover page detailing basic information on the paper such as the name, course and institution that the writer attends. A concise thesis statement follows there after and provides a brief highlight of what the paper is essentially all about. The main body of the paper is characterized by an adequate description of the turbulent nationalization of the oil industry in Iran, This is followed by a detailed outline that Iran stood to actually gain from the Nationalization of its oil industry as well as the eventual demerits of the country’s oil nationalization program. All the different sections and subsections of the paper have been adequately outlined by preceding relevant headings. These headings serve to provide a brief overview of what that particular section of the pap er is all about. What is Nationalization? The concept of nationalization can broadly be defined as the general process where by a state or government takes into public ownership the overall running of a private industry or assets that had previously been perceived to be private. Although the concept of nationalization is usually seen to refer mostly to the taking over of private assets by the government, in some instances, it can also be seen to refer to taking the taking control of some of the assets that are normally controlled by the lower levels of a given government. When this form of nationalization occurs, it usually results in lower government assets such as municipalities being effectively owned and operated by the state. History of Nationalization Concerns as to the effects of nationalization were seen to be largely prevalent during the most part of the twentieth century. This concern was mainly as a result of the increased and aggressive nationalization of most of most of the industries in Europe by the various socialist and communist governments. During the 1960s through to the 1970s that there was the emergence of a myriad of newly independent governments all over Africa, Latin America and Asia that sought to take over the operations of the foreign-owned business enterprises that operated in their countries. During the process of nationalization of various industries, there always emergences various questions relating to the establishment of if there was adequate compensation paid out to the owners of the previously private industries during the nationalization process (Schaffer, Agusti and Earle, 2009, p. 606). Soon after the concept behind communism started dying out late in the 1980s, most of the governments that had initially taken to nationalizing their various industries were seen to run these industries to the ground due to several factors. In a bid by most of these government to try and redeem this situation, most of these governments took to trying to sell nationalized assets to various private sectors organizations in a bid to try to privatize these assets by transferring the various assets that were owned by the government to the private sector’s control. This privatization of the previously nationalized business enterprises was basically a reversal of the nationalization-expropriation process. (Schaffer, Agusti and Earle, 2009, p. 606). The Iranian Oil Industry Oil was initially discovered in Iran in 1901 when William Knox D’

Was the Iraq war legal Essay Example | Topics and Well Written Essays - 1250 words

Was the Iraq war legal - Essay Example The reason is that the US adopts a realist policy as the basis of carrying out its foreign policy. Successive American governments have followed offensive realist approaches and refused to agree or endorse any treaties, whose objectives do not correspond to United States interests. In a bid to strengthen its power, United States has repeatedly called for greater global acceptance of democratic ideologies, as well as an increased role of global institutions. Ironically, the United States has ignored global institutions like United Nations (Jakobsen and Jakobsen 2009). Another underlying reason behind Iraq incursion is the US energy policy, despite perpetrators stressing that Iraq war was solely for self defense against weapons of mass destruction, and for humanitarian intercession, as well. US policy on energy is based on a strong fervor that the nations’ needs may only be met through economic and military superiority. A principal upshot of this policy is that corporations that have associations with the oil sector are not to be defied in any manner. America tolerates sufficient refinery capacity and seeks alternative sources of energy elsewhere. Accordingly, once publicized policies to develop artificial fuels to recover oil from shale have resulted into a scam on the country’s taxpayers. Additionally, United States vehicle makers whose profits depend on guzzlers have the lowest convoy average mpg in many years. As global demand for oil increases, American leaders have come to increasingly depend on their military strength when required to take control of oil producing nations such as Iraq, which are less accustomed to America’s fuel precedence. Hence, United States decided to meet its energy needs by continuing a geopolitical realm... Another underlying reason behind Iraq incursion is the US energy policy, despite perpetrators stressing that Iraq war was solely for self-defense against weapons of mass destruction, and for humanitarian intercession, as well. US policy on energy is based on a strong fervor that the nations’ needs may only be met through economic and military superiority. A principal upshot of this policy is that corporations that have associations with the oil sector are not to be defined in any manner. America tolerates sufficient refinery capacity and seeks alternative sources of energy elsewhere. Accordingly, once publicized policies to develop artificial fuels to recover oil from shale have resulted into a scam on the country’s taxpayers. Additionally, United States vehicle makers whose profits depend on guzzlers have the lowest convoy average mpg in many years. As global demand for oil increases, American leaders have come to increasingly depend on their military strength when req uired to take control of oil-producing nations such as Iraq, which are less accustomed to America’s fuel precedence. Hence, United States decided to meet its energy needs by continuing a geopolitical realm using force on Iraq (Hinnebusch 2007). Some manifestations to this assertion were the posting of more than one hundred thousand troops and additional fourteen thousand oil infrastructure security guards in Iraq in 2005. America also puts some warships to defend oil tankers in and around the Persian Gulf.