Oil and Global Insecurity: Lessons from Asia, Latin America and African Oil Producing Countries

This paper critically digs into history to examine the role oil played in generating war among nations. It also examines conflicts and agitations within nations as well as regime-change in the global system with their attendant consequences on global security. The discovery of oil as a major source of energy for the running of military and civilian complexes the world over, has been a blessing and a curse. Oil as a commodity has contributed in no small measure to growth and development as it helps in turning the wheels necessary for industrialization. However, the search for oil over the years by nations of the world has engendered conflicts and full-fletched wars within and among nations due to antagonistic encounter of interests. Asian and African oil producing countries are the worst hit, as established powers sponsor proxy wars, change unfriendly regimes in the name of accessing abundant oil resources with all the security implications these portend. Within the oil producing states, agitations and rebellion are commonplace in oil producing regions. The governing elites see oil revenue as opportunity for primitive accumulation leaving the people in oil producing regions in extreme poverty and deprivation in the midst of abundant wealth. The frustration and agony of the people find expression in violence and counter violence by the state reducing the oil regions to theaters of conflicts and security crises. The paper however, concluded and recommended that; oil search by the established and emerging powers should be carried out within the confines of the law. Oil producing states deserve to be respected by the international community to utilize their resources for the development of their people. There must not be interference in their internal affairs. Again, the governing elites should develop strategies for equitably distributing oil wealth among the various stake holders within the oil producing states so as to nib rebellion in the bud for the sake of international peace and security.