Scott Horton Interviews Robert P. Murphy

Scott Horton, May 27, 2012

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Robert P. Murphy, author of The Politically Incorrect Guide to Capitalism, discusses his article “Who Needs War for Oil;” why the US military doesn’t need to intervene in the Middle East to “secure” supplies of oil; how embargoes hurt oil exporting countries more than their customers (shown by the US-supported embargo on Iran); and the┬ácontrarian theory that oil scarcity and higher prices are the true US policy goals.

MP3 here. (20:13)

Robert P. Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book, Lessons for the Young Economist.

14 Responses to “Robert P. Murphy”

  1. High cost of glory

    Some estimate that 60% of the crude oil that America consumes each year, including the petrochemicals and plastics made from oil, goes into the military.

    Anyway, we are an Empire and the higher the cost to execute our brutal imperialism, the greater is the glory in what it accomplishes. Anyway, we all live a doomed existence and as pleasure is only thing that will kill the thought that death is but a heartbeat away, to seek all pleasure and avoid all pain nothing beats the challenging ecstasy of kill or be killed glory.

  2. we spend more on stealing oil than on buying it, but when you say we spend, the MIC and the oil companies are not spending it the gov is spending our tax money the war and oil makes the MIC and big oil money they dont care what it cost americans. but yes the leftest are silly. We went to Iraq for Israel period.

  3. I like your geography comment Scot I think it was a joke but I really think you hit the nail on the head. The countries we actually talk about the UK France etc they would never want to kill people there because they count because they have been proven to exist.

  4. Infinite growth on a finite planet is an impossibility;A "free" market obsession with the maximisation of short term profit regardless of the human & environmental costs is unsustainable;It has begun to cannibalistically feed upon itself and the very natural systyems upon which we all depend for our collective existence;We are experiencing the limits to growth of global industrialism in the form of Peak oil,,climate disruption,over population and the ever increasing number of resource wars instigated/or funded by the corporate fascist American empire:A soviet style collapse seems inceasingly likely before the end of this decade

  5. What we are seeing has nothing to do with the "free market" but instead we're seeing the limits of government central planning of the monetary system, markets in general, paper money, and endless entitlements and war.

  6. It's about controlling the oil, not about having the oil to use.

    No, offering to buy the oil does not control the oil.

    Commerce fetishists have no understanding of power politics.

  7. many good points, as always, though there was some annoying straw-man talk that I haven't noticed in your interviews before.

  8. Yes and for what? To feed endless growth of profits & power;No longer possible due to limits of growth and the unravelling of the global capital/corporate fascist paradigm.

  9. Its about both! America imports 2/3 rds of its oil;It passed its own peak of production 40 years ago;
    I'm not a "commerce fetishist" but I do have an overall understanding of geo-politics/ecology/economy that you seem to lack.

  10. Oils are commonly used as lubricants. Mineral oils are more commonly used as machine lubricants than biological oils are.

  11. Yup, but it's not the free market that's the problem but government power over it.

  12. War can increase the demands for oil since most of the new weapons that are being used in the war needs oil to operate (by this I mean the vehicles). At the top oil companies are in control of things since the are the one who is on hold on the power whether to produce or not.

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