The oil kings: how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East
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.
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.
Cooper, A. S. (2011). The oil kings: how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East. 1st Simon and Schuster hardocver ed. New York, Simon & Schuster.Chicago / Turabian - Author Date Citation (style guide)
Cooper, Andrew Scott. 2011. The Oil Kings: How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East. New York, Simon & Schuster.Chicago / Turabian - Humanities Citation (style guide)
Cooper, Andrew Scott, The Oil Kings: How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East. New York, Simon & Schuster, 2011.MLA Citation (style guide)
Cooper, Andrew Scott. The Oil Kings: How the U.S., Iran, and Saudi Arabia Changed the Balance of Power in the Middle East. 1st Simon and Schuster hardocver ed. New York, Simon & Schuster, 2011.
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|245||1||4|||a The oil kings :|b how the U.S., Iran, and Saudi Arabia changed the balance of power in the Middle East /|c Andrew Scott Cooper.|
|250|||a 1st Simon and Schuster hardocver ed.|
|260|||a New York :|b Simon & Schuster,|c 2011.|
|300|||a 530 p.,  p. of plates :|b ill., ports. ;|c 25 cm.|
|504|||a Includes bibliographical references and index.|
|505||0|||a A kind of super man -- Guardian of the Gulf -- Double indemnity -- Contingencies -- Oil shock -- Cruel summer -- Screaming eagle -- Potomac Scheherazade -- Henry's wars -- The spirit of '76 -- Royal flush -- Oil war.|
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|650||0|||a Petroleum industry and trade|z Iran|x History|y 20th century.|
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