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The oil kings: how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East

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Publisher:
Varies, see individual formats and editions
Pub. Date:
2011
Language:
English
Description
The news-making story of the backroom deals behind America’s decision to switch allegiance from Iran to Saudi Arabia as the dominant oil supplier in the Middle East—and how this action helped to create the conditions for the Islamic revolution in Iran.
Pivotal moment in U.S. history: In the wake of the 1973 Arab-Israeli conflict, Arab countries discovered the power of oil. Skyrocketing prices and fuel shortages rocked the U.S. economy, driving up inflation and sinking the stock market. President Nixon was preoccupied with Watergate so Henry Kissinger stepped into the breach, cutting deals with the Shah of Iran: the U.S. got oil; the Shah got advanced weapons. But as Nixon’s successor, Gerald Ford, struggled with stagflation, the price of oil became critical. The Shah refused to hold down prices. Desperate to win election and listening more to Treasury Secretary William Simon than to Kissinger, President Ford cut a deal with Saudi Arabia: advanced weapons in exchange for price relief on oil. The switch in allegiance left the Shah with a multi-billion-dollar hole in his budget, so he began draconian economic cutbacks, creating a huge unemployment problem in Iran. These actions helped to cause his downfall, and the Islamic revolution ensued, the repercussions of which are still being felt thirty years later.
Revelatory reportage: No other history of the period or of the oil industry includes the startling revelations in The Oil Kings . Cooper draws on recently declassified documents, new interviews with key figures, and the diary of a top aide of the Shah to show how Nixon, Ford, Kissinger, the CIA, and the State, Defense, and Treasury departments—as well as the Shah and the Saudi royal family—all maneuvered to try to control events in the Middle East. Now, for the first time, the full story of what lay behind these momentous, world-changing decisions can be told.
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ISBN:
9781439155172
9780307967183
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Grouping Information

Grouped Work ID30858bac-4882-167e-fd45-bfafff8a85a6
Grouping Titleoil kings how the u s iran and saudi arabia changed the balance of power in the middle east
Grouping Authorandrew scott cooper
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2023-02-03 02:08:37AM
Last Indexed2023-02-03 02:58:34AM

Solr Fields

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0
author
Cooper, Andrew Scott
author_display
Cooper, Andrew Scott
available_at_catalog
Central
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Central
display_description
The news-making story of the backroom deals behind America’s decision to switch allegiance from Iran to Saudi Arabia as the dominant oil supplier in the Middle East—and how this action helped to create the conditions for the Islamic revolution in Iran.
Pivotal moment in U.S. history: In the wake of the 1973 Arab-Israeli conflict, Arab countries discovered the power of oil. Skyrocketing prices and fuel shortages rocked the U.S. economy, driving up inflation and sinking the stock market. President Nixon was preoccupied with Watergate so Henry Kissinger stepped into the breach, cutting deals with the Shah of Iran: the U.S. got oil; the Shah got advanced weapons. But as Nixon’s successor, Gerald Ford, struggled with stagflation, the price of oil became critical. The Shah refused to hold down prices. Desperate to win election and listening more to Treasury Secretary William Simon than to Kissinger, President Ford cut a deal with Saudi Arabia: advanced weapons in exchange for price relief on oil. The switch in allegiance left the Shah with a multi-billion-dollar hole in his budget, so he began draconian economic cutbacks, creating a huge unemployment problem in Iran. These actions helped to cause his downfall, and the Islamic revolution ensued, the repercussions of which are still being felt thirty years later.
Revelatory reportage: No other history of the period or of the oil industry includes the startling revelations in The Oil Kings . Cooper draws on recently declassified documents, new interviews with key figures, and the diary of a top aide of the Shah to show how Nixon, Ford, Kissinger, the CIA, and the State, Defense, and Treasury departments—as well as the Shah and the Saudi royal family—all maneuvered to try to control events in the Middle East. Now, for the first time, the full story of what lay behind these momentous, world-changing decisions can be told.
format_catalog
Book
eAudiobook
format_category_catalog
Audio Books
Books
eBook
id
30858bac-4882-167e-fd45-bfafff8a85a6
isbn
9780307967183
9781439155172
itype_catalog
Adult Book Non-Fiction
last_indexed
2023-02-03T10:58:34.930Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_catalog
327.73055 C776 2011
owning_library_catalog
Sacramento Public Library
owning_location_catalog
Central
primary_isbn
9781439155172
publishDate
2011
publisher
Books on Tape
Simon & Schuster
recordtype
grouped_work
subject_facet
Iran -- Foreign relations -- United States
Iran -- Politics and government -- 1941-1979
Petroleum industry and trade -- Iran -- History -- 20th century
Petroleum industry and trade -- Saudi Arabia -- History -- 20th century
Saudi Arabia -- Foreign relations -- United States
United States -- Foreign relations -- Iran
United States -- Foreign relations -- Saudi Arabia
title_display
The oil kings : how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East
title_full
The Oil Kings How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East
The oil kings : how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East / Andrew Scott Cooper
title_short
The oil kings
title_sub
how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East
topic_facet
Business
Foreign relations
History
Nonfiction
Petroleum industry and trade
Politics
Politics and government

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