The North and Oil: A Dependency That Refuses To Go

Goke Lalude

Abstract


Abstract
Oil as a resource has always introduced a departure to the international structure. This is because the Northern developed nations are deficient in reserves and production of oil vis-à-vis the Southern developing nations. In essence, the North is dependent on the South, in a particular relationship between them, thus representing a totally new dimension in North-South relations. In view of the very important fact that the North was not particularly comfortable with the change in status-quo, there have been repeated efforts at reducing, if not totally eliminating, an oil dependency on the South. It has continued to be necessary that the extent at which the dependency is still in place be investigated and rigorously analysed.

 
Keywords
North-South relations, oil, politics, dependency

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References


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