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

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Average Rating
Published:
New York : Simon & Schuster, 2011.
Physical Desc:
530 pages, [8] pages of plates : ill., ports. ; 25 cm.
Status:
Central
327.73055 C776 2011
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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327.73055 C776 2011
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Format:
Book
Edition:
1st Simon and Schuster hardocver ed.
Language:
English
ISBN:
9781439155172, 1439155178
UPC:
9781439155172

Notes

Bibliography
Includes bibliographical references and index.
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Citations
APA Citation (style guide)

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.

Note! Citation formats are based on standards as of July 2022. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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Grouped Work ID:
30858bac-4882-167e-fd45-bfafff8a85a6
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Record Information

Last Sierra Extract TimeMar 25, 2023 11:43:16 PM
Last File Modification TimeMar 25, 2023 11:43:36 PM
Last Grouped Work Modification TimeMar 27, 2023 02:08:29 AM

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