Thesis Submission Date
Spring 2012
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Government
Reader 1
William Ascher
Rights Information
© 2012 Daniel Andrew
Terms of Use & License Information
Abstract
Since the early 1970s, the U.S. government has relied on Saudi Arabia to ensure price stability in the oil market--a foreign policy that is both dangerous and hypocritical. Yet recent market developments, including increasing sources of unconventional supply in the Western Hemisphere and better energy efficiency worldwide, are calling the effectiveness of that reliance into question. Whereas unconditional support for the Saudi regime had previously been the only option for the U.S. government, U.S. foreign policymakers may now be able to hedge their risky relationship with the Saudis through a variety of other options.
Recommended Citation
Andrew, Daniel, "The Effect of Oil Market Developments on Price Volatility and U.S.-Saudi Relations" (2012). CMC Senior Theses. Paper 351.
http://scholarship.claremont.edu/cmc_theses/351