6 quotes
During the war years, the United States government gave serious thought to acquiring a direct interest in Arabian [oil] reserves.
Multinational Oil: A Study in Industrial Dynamics (1974)
Motivated partly by the decision to convert its navy from coal to oil, the British government ultimately acquired a major interest in what was then the only oil-producing company in the Middle East.
Multinational Oil: A Study in Industrial Dynamics (1974)
Because exporting and importing nations have conflicting goals, and the interests of individual countries within each group are not identical, United Nations efforts to regulate the industry have not been successful.
Multinational Oil: A Study in Industrial Dynamics (1974)
The Soviet Union, as might be expected, conducted a ceaseless campaign to persuade the less-developed countries to nationalize their petroleum industries, by deprecating the record of private oil enterprises and extolling the virtues of governmental petroleum monopolies.
Multinational Oil: A Study in Industrial Dynamics (1974)
Before World War II, the United States Gulf and the Caribbean were the foreign world’s primary sources of crude oil. Eastern Hemisphere consumption was relatively small and yet its crude oil production supplied less than half of its petroleum needs.
Multinational Oil: A Study in Industrial Dynamics (1974)
The postwar burgeoning of oil enterprises throughout the world wrought important changes in the structure of the foreign oil industry. Competitors multiplied, concentration of the industry was reduced, and the market positions of the ‘seven largest’ companies shrank.
Multinational Oil: A Study in Industrial Dynamics (1974)