Wheel of Fortune: The Battle for Oil and Power in Russia

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Harvard University Press, 6. nov 2012 - 672 pages

A Foreign Affairs Best Book of the Year on Eastern Europe and the Former Soviet Republics

The Russian oil industry—which vies with Saudi Arabia as the world’s largest producer and exporter of oil, providing nearly 12 percent of the global supply—is facing mounting problems that could send shock waves through the Russian economy and worldwide. Wheel of Fortune provides an authoritative account of this vital industry from the last years of communism to its uncertain future. Tracking the interdependence among Russia’s oil industry, politics, and economy, Thane Gustafson shows how the stakes extend beyond international energy security to include the potential threat of a destabilized Russia.

“Few have studied the Russian oil and gas industry longer or with a broader political perspective than Gustafson. The result is this superb book, which is not merely a fascinating, subtle history of the industry since the Soviet Union’s collapse but also the single most revealing work on Russian politics and economics published in the last several years.”
—Robert Legvold, Foreign Affairs

“The history of Russia’s oil industry since the collapse of communism is the history of the country itself. There can be few better guides to this terrain than Thane Gustafson.”
—Neil Buckley, Financial Times



The Soviet Oil Industry Disintegrates
The Battle for Ownership Money and Power
LUKoil Surgutneftegaz and Yukos
19992004 6 The Brothers from Saint Petersburg The Origins of Putins State
The YukosAffair 8 Russias Accidental OilChampion The RiseofRosneft 9 Krizis The Rude Awakening of 20082009 and the Russian OilTax
Howthe StateRegulates the OilIndustry 11 The HalfRaisedCurtain The Foreign Companies as Agents of Change
Oil and the Future of Russia Russia and the Future of

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