Money, Oil, and Empire in the Middle East

Money, Oil, and Empire in the Middle East PDF Author: Steven G. Galpern
Publisher: Cambridge University Press
ISBN: 9781107657182
Category : Political Science
Languages : en
Pages : 0

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Book Description
This book is an important political and economic history of the unravelling of the British Empire and its connection to the decline of sterling as a leading international currency. Analyzing events such as the 1951 Iranian oil nationalization crisis and the 1956 Suez crisis, Steven Galpern provides a new perspective on British imperialism in the Middle East by reframing British policy in the context of the government's postwar efforts to maintain the international prestige of the pound. He reveals the link that British officials made between the Middle Eastern oil trade and the strength of sterling and how this influenced government policy and strained relationships with the Middle East, the United States, and multinational oil firms. In so doing, this book draws revealing parallels between the British experience and that of the United States today and will be essential reading for scholars of the British empire, Middle East studies and economic history.

Money, Oil, and Empire in the Middle East

Money, Oil, and Empire in the Middle East PDF Author: Steven G. Galpern
Publisher: Cambridge University Press
ISBN: 9781107657182
Category : Political Science
Languages : en
Pages : 0

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Book Description
This book is an important political and economic history of the unravelling of the British Empire and its connection to the decline of sterling as a leading international currency. Analyzing events such as the 1951 Iranian oil nationalization crisis and the 1956 Suez crisis, Steven Galpern provides a new perspective on British imperialism in the Middle East by reframing British policy in the context of the government's postwar efforts to maintain the international prestige of the pound. He reveals the link that British officials made between the Middle Eastern oil trade and the strength of sterling and how this influenced government policy and strained relationships with the Middle East, the United States, and multinational oil firms. In so doing, this book draws revealing parallels between the British experience and that of the United States today and will be essential reading for scholars of the British empire, Middle East studies and economic history.

Oil Money

Oil Money PDF Author: David M. Wight
Publisher: Cornell University Press
ISBN: 1501715747
Category : Political Science
Languages : en
Pages : 360

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Book Description
In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil. In the 1970s, the United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized petrodollars to undertake myriad joint initiatives for mutual economic and geopolitical benefit. These petrodollar projects were often unprecedented in scope and included multibillion-dollar development projects, arms sales, purchases of US Treasury securities, and funds for the mujahedin in Afghanistan. Although petrodollar ties often augmented the power of the United States and its Middle East allies, Wight argues they also fostered economic disruptions and state-sponsored violence that drove many Americans, Arabs, and Iranians to resist Middle East–US interdependence, most dramatically during the Iranian Revolution of 1979. Deftly integrating diplomatic, transnational, economic, and cultural analysis, Wight utilizes extensive declassified records from the Nixon, Ford, Carter, and Reagan administrations, the IMF, the World Bank, Saddam Hussein's regime, and private collections to make plain the political economy of US power. Oil Money is an expansive yet judicious investigation of the wide-ranging and contradictory effects of petrodollars on Middle East–US relations and the geopolitics of globalization.

Rulers, Religion, and Riches

Rulers, Religion, and Riches PDF Author: Jared Rubin
Publisher: Cambridge University Press
ISBN: 110703681X
Category : Business & Economics
Languages : en
Pages : 297

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Book Description
This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.

Resurrecting Empire

Resurrecting Empire PDF Author: Rashid Khalidi
Publisher: Beacon Press
ISBN: 080700314X
Category : History
Languages : en
Pages : 248

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Book Description
Begun as the United States moved its armed forces into Iraq, Rashid Khalidi's powerful and thoughtful new book examines the record of Western involvement in the region and analyzes the likely outcome of our most recent Middle East incursions. Drawing on his encyclopedic knowledge of the political and cultural history of the entire region as well as interviews and documents, Khalidi paints a chilling scenario of our present situation and yet offers a tangible alternative that can help us find the path to peace rather than Empire. We all know that those who refuse to learn from history are doomed to repeat it. Sadly, as Khalidi reveals with clarity and surety, America's leaders seem blindly committed to an ahistorical path of conflict, occupation, and colonial rule. Our current policies ignore rather than incorporate the lessons of experience. American troops in Iraq have seen first hand the consequences of U.S. led "democratization" in the region. The Israeli/Palestinian conflict seems intractable, and U.S. efforts in recent years have only inflamed the situation. The footprints America follows have led us into the same quagmire that swallowed our European forerunners. Peace and prosperity for the region are nowhere in sight. This cogent and highly accessible book provides the historical and cultural perspective so vital to understanding our present situation and to finding and pursuing a more effective and just foreign policy.

Oil and Money

Oil and Money PDF Author: Andrew C. Hess
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description


Oil and Money in the Middle East

Oil and Money in the Middle East PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 57

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Book Description


Blood and Oil

Blood and Oil PDF Author: Michael T. Klare
Publisher: Metropolitan Books
ISBN: 1429900571
Category : Political Science
Languages : en
Pages : 306

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Book Description
From the author of Resource Wars, a landmark assessment of the critical role of petroleum in America's actions abroad In his pathbreaking Resource Wars, world security expert Michael T. Klare alerted us to the role of resources in conflicts in the post-Cold War world. Now, in Blood and Oil, he concentrates on a single precious commodity, petroleum, while issuing a warning to the United States-its most powerful, and most dependent, global consumer. Since September 11th and the commencement of the "war on terror," the world's attention has been focused on the relationship between U.S. foreign policy in the Middle East and the oceans of crude oil that lie beneath the region's soil. Klare traces oil's impact on international affairs since World War II, revealing its influence on the Truman, Eisenhower, Nixon, and Carter doctrines. He shows how America's own wells are drying up as our demand increases; by 2010, the United States will need to import 60 percent of its oil. And since most of this supply will have to come from chronically unstable, often violently anti-American zones-the Persian Gulf, the Caspian Sea, Latin America, and Africa-our dependency is bound to lead to recurrent military involvement. With clarity and urgency, Blood and Oil delineates the United States' predicament and cautions that it is time to change our energy policies, before we spend the next decades paying for oil with blood.

Empire of Sand

Empire of Sand PDF Author: Walter Reid
Publisher: Birlinn
ISBN: 0857900803
Category : History
Languages : en
Pages : 588

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Book Description
At the end of the First World War Britain and to a much lesser extent France created the modern Middle East. The possessions of the former Ottoman Empire were carved up with scant regard for the wishes of those who lived there. Frontiers were devised and alien dynasties imposed on the populations as arbitrarily as in medieval times. From the outset the project was destined to failure. Conflicting and ambiguous promises had been made to the Arabs during the war but were not honoured. Brief hopes for Arab unity were dashed, and a harsh belief in western perfidy persists to the present day. Britain was quick to see the riches promised by the black pools of oil that lay on the ground around Baghdad. When France too grasped their importance, bitter differences opened up and the area became the focus of a return to traditional enmity. The war-time allies came close to blows and then drifted apart, leaving a vacuum of which Hitler took advantage. Working from both primary and secondary sources, Walter Reid explores Britain's role in the creation of the modern Middle East and the rise of Zionism from the early years of the twentieth century to 1948, when Britain handed over Palestine to UN control. From the decisions that Britain made has flowed much of the instability of the region and of the world-wide tensions that threaten the twenty-first century. How far was Britain to blame?

Private Empire

Private Empire PDF Author: Steve Coll
Publisher: Penguin
ISBN: 1101572140
Category : Business & Economics
Languages : en
Pages : 654

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Book Description
“ExxonMobil has met its match in Coll, an elegant writer and dogged reporter . . . extraordinary . . . monumental.” —The Washington Post “Fascinating . . . Private Empire is a book meticulously prepared as if for trial . . . a compelling and elucidatory work.” —Bloomberg From the Pulitzer Prize-winning and bestselling author of Ghost Wars and The Achilles Trap, an extraordinary exposé of Big Oil. Includes a profile of current Secretary of State and former chairman and chief executive of ExxonMobil, Rex Tillerson In this, the first hard-hitting examination of ExxonMobil—the largest and most powerful private corporation in the United States—Steve Coll reveals the true extent of its power. Private Empire pulls back the curtain, tracking the corporation’s recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe—featuring kidnapping cases, civil wars, and high-stakes struggles at the Kremlin—and the narrative is driven by larger-than-life characters, including corporate legend Lee “Iron Ass” Raymond, ExxonMobil’s chief executive until 2005, and current chairman and chief executive Rex Tillerson, President-elect Donald Trump's nomination for Secretary of State. A penetrating, news-breaking study, Private Empire is a defining portrait of Big Oil in American politics and foreign policy.

No War for Oil

No War for Oil PDF Author: Ivan Eland
Publisher:
ISBN: 9781598130461
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Debunking numerous myths that have emerged about the world's resources of oil, this book argues that the use of U.S. military power to secure oil is not only needless and costly--in both lives and money--but also counterproductive to U.S. security. Intended to make government, the media, and citizens think more rationally about oil and the use of military power to secure it, this account suggests that the free market is still the best vehicle to deliver the product most efficiently from producer to consumer and that a withdrawal of U.S. forces from the Persian Gulf would be beneficial in the context of potential terrorist threats. Thorough and invaluable, this focused analysis chronicles the history of the battle over oil.