Oil as Money: The Devil's Excrement and the Spectacle of Black Gold

Michael John Watts

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Natural Resources and Economic Development Russia and Soviet political economy Extractivism and Socioeconomic Issues

Abstract

The prelims comprise: Introduction El Dorado: Oil Wealth as Spectacle, Display and Illusion Meanings of Oil Money The Midas Touch: Ingesting Petrodollars and Manufacturing Modernity in Iran and Venezuela Paradoxes of Prosperity: Oil Money in Nigeria Naira Power: State Degeneracy and the Dikko Affair The Oil Bust: Scarce Money and the “Great IMF Debate” Serious Money

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