Oil and the Western Economic Crisis

The book delves into the critical role of oil in shaping the economic and political challenges faced by the West, particularly highlighting the impact of rising oil prices before the 2008 financial crash. It examines how a volatile oil market complicates economic recovery amid high debt and low growth. The author presents the intricate 'Gordian knot' formed by the dynamics of oil supply and demand, suggesting it fundamentally undermines the Western belief in continuous economic progress and raises questions about democratic expectations.