A "little Fuel" for an African-Australian Relationship?
- Publication Type:
- Journal Article
- Citation:
- Journal of Economic Issues, 2015, 49 (3), pp. 865 - 871
- Issue Date:
- 2015-01-01
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© 2015 Journal of Economics Issues/Association for Evolutionary Economics. Much of critical social science today argues that the oil crisis must be resolved by getting away from it: Alternative energy is the only answer to peak oil. Yet, recent massive and continuing oil discoveries in Africa have been offered as a potential stop-gap measure to simultaneously improve socio-economic conditions and enhance energy security on that continent, as well as to bridge global income inequalities, while supporting the energy needs of richer countries, especially at a time of continuing disquiet in the major oil producing centers in the world. Memories of plunder of African resources, formed by years of "resource curse," however, erect dark clouds over the possibility of using oil to achieve the seemingly irreconcilable aims of oil benefit to both Africa and the rest. Australia finds itself at these crossroads: It has a looming oil crisis and an emergent relationship with Africa. In this paper, I argue for a non-determinist, research-led approach to resolve this imbroglio.
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