Oil and the American century. The political economy of U. S. foreign oil policy, 1941-1954

Book · Wed Jan 01 04:00:00 EST 1986

OSTI ID:7159248

Painter, D S

Oil and the American Century examines the evolution of U.S. oil policies in the 1940s and 1950s and traces the sources and consequences of the partnership that developed between government and business to regulate the world oil economy. David S. Painter explains how early attempts to develop and implement a foreign oil policy were hampered by conflicting concepts of the proper relationship of the government to an industry whose operations were increasingly vital to national security and economic welfare. The policy that evolved was based on a combination of private initiative and government support for the foreign operations of the oil companies. This intermingling of private and public concerns safeguarded the interests of U.S. corporations in Mexico, Saudi Arabia, Venezuela, and Iran while enhancing the United States' incentives to control world oil reserves, maintain the security and stability of the Middle East, combat economic nationalism in Latin America, and contain the Soviet Union.

• Research Organization: U.S. Dept. of State
• OSTI ID: 7159248
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
ASIA
BUSINESS
COMMERCIAL SECTOR
DEVELOPING COUNTRIES
EASTERN EUROPE
ECONOMIC IMPACT
ENERGY POLICY
ENERGY SOURCES
EUROPE
FOREIGN POLICY
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
GOVERNMENT POLICIES
HISTORICAL ASPECTS
IMPORTS
INDUSTRY
INSTITUTIONAL FACTORS
IRAN
LATIN AMERICA
MEXICO
MIDDLE EAST
MULTINATIONAL ENTERPRISES
NATIONAL GOVERNMENT
NATIONAL SECURITY
NATIONALIZATION
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
POLITICAL ASPECTS
RESERVES
RESOURCES
SAUDI ARABIA
SECURITY
SOUTH AMERICA
USA
USSR
VENEZUELA