INTB 3351 Week 8 SEven sisters

INTB 3351 Week 8 SEven sisters - Readings Anthony Sampson...

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Readings: Anthony Sampson, The Seven Sisters , pp. 104-166 (PDF file in WebCT, Week 8) 1. How and why did the American oil companies, Socal (Chevron) and Texaco, gain the oil concessions in Saudi Arabia and Kuwait, as opposed to the other major oil companies? Why were the rulers of these countries eager to do business with the Americans? (pp. 104-112) Chevron was the only seven sister not bound by the red line agreement between other oil companies, so it decided to explore in Bahrain. They later gave Saudi Arabia a better offer and they started exploring. Other oil companies were not interested since they did not see any prospects. Later Chevron, needed more capital so it brought in Texaco into Aramco (Arab- American Oil Company) The rulers wanted to shift the balance of power from the British to the Americans. The British controlled Iran through Anglo-Iranian, so the Saudis wanted American support. The Saudis were also short on cash and wanted to develop their resources. 2. What were the “two opposite foreign policies” of the United States in the Middle East? What was the U.S. State Department’s solution? (pp. 119-125) Support for the state of Israel and support for Saudi Arabia, to ensure ample oil supplies. The State department left the oil companies act as autonomous governments in regards to oil-rich countries. They would basically do as they pleased, but the US government continued to support
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INTB 3351 Week 8 SEven sisters - Readings Anthony Sampson...

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