Arab Oil Money
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Author | : David M. Wight |
Publisher | : Cornell University Press |
Total Pages | : 360 |
Release | : 2021-07-15 |
Genre | : Political Science |
ISBN | : 1501715747 |
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.
Author | : Abdel Majid Farid |
Publisher | : Taylor & Francis |
Total Pages | : 169 |
Release | : 2022-06-01 |
Genre | : Political Science |
ISBN | : 1000622339 |
First published in 1986, The Decline of Arab Oil Revenues explores the fall in the economic value of Arab oil reserves in the 1980s. Some of the threats to Arab countries include depletion of oil resources, rise of alternative sources of energy, international policies designed to control oil prices and growing conflicts of interest between producing and consuming countries. The editors suggest that any decline in oil revenues would negatively affect the economic, political, social and psychological structure of Arab societies since they are yet to explore non-oil sources of wealth. Consequently, the editors stress on the importance of researching the desert, which covers 94% of Arab lands, as a potential source of wealth. Given the current global shift towards sustainable forms of energy, this book is a timely reminder of the economic and political implications of such a shift on Arab countries for students of political science, international relations, geography, and economics.
Author | : |
Publisher | : |
Total Pages | : 14 |
Release | : 1974 |
Genre | : Jewish-Arab relations |
ISBN | : |
Author | : David M. Wight |
Publisher | : Cornell University Press |
Total Pages | : 234 |
Release | : 2021-07-15 |
Genre | : Political Science |
ISBN | : 1501715739 |
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.
Author | : |
Publisher | : |
Total Pages | : 426 |
Release | : 2003 |
Genre | : Gas industry |
ISBN | : |
Author | : Eric Thomsen |
Publisher | : |
Total Pages | : 366 |
Release | : 2018-03-14 |
Genre | : |
ISBN | : 9781980527220 |
We are clear about the origin of the money - it is our money.What have the Oil Arabs been using our money for?They have deliberately been subverting Western civilization, sponsoring illegal immigration of Muslims that will change the demographic of Europe, sponsoring radical Islamic networks in Europe to undermine European values and freedoms and financing terror.Let us be clear about one thing - there is no need to buy Arab Oil. Western technology can support our societies totally free of carbon energy.Arab Oil Money is our money we send to the Middle East in return for them pumping up carbon rich deposits that were created many millions of years ago from dead animals, and which just happen to be deposited under the surface of the land they inhabit at the moment.
Author | : Nicholas Fallon |
Publisher | : |
Total Pages | : 264 |
Release | : 1975 |
Genre | : Technology & Engineering |
ISBN | : |
Author | : Ezzedin M. Shamsedin |
Publisher | : |
Total Pages | : 66 |
Release | : 1974 |
Genre | : Middle East |
ISBN | : |
Author | : Marwan Iskandar |
Publisher | : Beirut : Middle East Economic Consultants |
Total Pages | : 156 |
Release | : 1974 |
Genre | : Petroleum industry and trade |
ISBN | : |
Author | : Naiem A. Sherbiny |
Publisher | : Greenwood |
Total Pages | : 364 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : |
Essays on economic implications and political aspects of Arab petroleum for Arab country and international economic relations - examines OAPEC pricing policies, production, industrialization, political development and cultural change with case studies of Saudi Arabia and North Africa; discusses trade policies, capital flows, surplus capital resources and global energy needs; considers USA and USSR foreign policy towards Middle East oil and the Arab-Israeli conflict. References, statistical tables.