A Century of War: Anglo-American Oil Politics and the New World Order

A Century of War: Anglo-American Oil Politics and the New World Order

F. William Engdahl

Language: English

Pages: 312

ISBN: 074532309X

Format: PDF / Kindle (mobi) / ePub


This book is a gripping account of the murky world of the international oil industry and its role in world politics. Scandals about oil are familiar to most of us. From George W. Bush's election victory to the wars in Iraq and Afghanistan, US politics and oil enjoy a controversially close relationship. The US economy relies upon the cheap and unlimited supply of this single fuel. William Engdahl takes the reader through a history of the oil industry's grip on the world economy. His revelations are startling.

Introducing Comparative Politics (2nd Edition)

A Theory of Power

People Before Profit: The New Globalization in an Age of Terror, Big Money, and Economic Crisis

Bush at War (Bush at War, Book 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dominant U.S. policy under the White House national security adviser, Henry A. Kissinger, was to control, not to develop, economies throughout the world. U.S. policy officials began proudly calling themselves ‘neo-Malthusians.’ Population reduction in developing nations, rather than technology transfer and industrial growth strategies, became the dominating priority during the 1970s, yet another throwback to nineteenth-century British colonial thinking. How this transformation took place we shall.

Or coal. At the time of the oil shock, the European Community was already well into a major nuclear development program. As of 1975, the plans of member governments called for the completion of between 160 and 200 new nuclear plants across Continental Europe by 1985. In 1975, the Schmidt government in Germany, reacting rationally to the implications of the 1974 oil shock, passed a program which called for an added 42 gigawatts of German nuclear plant capacity, to produce a total of approximately.

Of its oil imports in Deutschmarks or francs than in buying dollars for the same oil. This makes it all the more curious that OPEC ministers, meeting in 1975, agreed to accept no other currency than the U.S. dollar in payment for deliveries of its oil, not even the British pound. This arrangement, needless to say, proved enormously valuable for the United States dollar and for the financial institutions of New York and the London Eurodollar markets. The world was forced to buy huge amounts of.

170 A Century of War replacement of the International Monetary Fund.’ And the French government openly said as much at the time. The EMS established a European Monetary Fund with initial capitalization consisting of 20 per cent of each member country’s gold and dollar reserves, valued at some $35 billion. Further, Switzerland too linked its currency de facto to the new EMS parities. As early as 1977, the governments of France and Germany had begun to explore the possibility of an agreement.

Shah. British Petroleum reportedly began to organize capital flight out of Iran, through its strong influence in Iran’s financial and banking community. The British Broadcasting Corporation’s Persian-language broadcasts, with dozens of Persian-speaking BBC ‘correspondents’ sent into even the smallest village, drummed up hysteria against the regime in exaggerated reporting of incidents of protest against the Shah. The BBC gave the Ayatollah Khomeini a full propaganda platform inside Iran during.

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