The Oil Kings is popular PDF and ePub book, written by Andrew Scott Cooper in 2012-09-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Oil Kings can be Read Online from any device for your convenience.
The Oil Kings Book PDF Summary
Relying on a rich cache of previously classified notes, transcripts, cables, policy briefs, and memoranda, Andrew Cooper explains how oil drove, even corrupted, American foreign policy during a time when Cold War imperatives still applied, and tells why in the 1970s the U.S. switched its Middle East allegiance from the Shah of Iran to the Saudi royal family. Amid the oil shocks of the early 1970s, there was one man the U.S. could rely on: the Shah of Iran. The Shah sold us oil; we sold him weapons. But the U.S. and other industrialized economies could not tolerate repeated annual double digit increases in oil prices. During the 1976 election campaign, President Gerald Ford decided that he had to find a country that would break the OPEC monopoly and sell the U.S. oil more cheaply. On the advice of Treasury Secretary William Simon -- and against the advice of Secretary of State Henry Kissinger -- Ford made a deal to sell advanced weaponry to the Saudis in exchange for a more moderate price hike in oil. The Shah's economy was destabilized, and disaffected elements mobilized to overthrow him. The U.S. had embarked on a long relationship with the autocratic Saudi kingdom that continues to this day.
Detail Book of The Oil Kings PDF
- Author : Andrew Scott Cooper
- Release : 11 September 2012
- Publisher : Simon and Schuster
- ISBN : 9781439155189
- Genre : Business & Economics
- Total Page : 544 pages
- Language : English
- PDF File Size : 13,7 Mb
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