Iraq and the International Oil System: Why America Went to War in the Gulf

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Greenwood Publishing Group, 2001 - Business & Economics - 239 pages
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Ten years after the end of the Gulf War, the conflict continues with unresolved questions about economic sanctions and Iraq's participation in the oil export system. A specialist in Middle Eastern politics and an intelligence officer, Pelletiére covered the Iran-Iraq War as well as the subsequent Gulf conflict. He argues that Iraq's victory over Iran in 1988 gave the nation the capability of becoming a regional superpower with a strong say in how the Gulf's oil reserves were managed. Because the United States could not tolerate an ultranationalist state with the potential to destabilize the world's economy, war then became inevitable.

This study examines the rise of the international oil system from the 1920s when the great cartel was formed. Comprised of seven companies, it was designed to ensure their continued control over the world's oil supplies. When the companies lost control with the OPEC revolution in 1973, the United States moved into the realm of Gulf politics with the goal of protecting the world economy. Pelletire details how Saddam Hussein unwillingly precipitated the Gulf crisis and why the conflict is not likely to be resolved soon-or peacefully.

 

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Contents

The Birth of the US Oil Industry and Its Movement Overseas
1
A Handful of Companies Gain Control of the Industry
47
The Fall of Mosadeq and the Triumph of the Oil Cartel in the United States
85
The OPEC Revolution and the Clashes between Iraq and the Cartel
123
Second and Third Shocks and the 1987 Reflagging
147
IranContra and Iraq The Media Campaign that Took America to War
197
Index
233
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Page 233 - Rosenberger, Iraqi Power and US Security in the Middle East, Carlisle, PA: Strategic Studies Institute, US Army War College, 1990. 18. John M. McClintock, "Poverty Complicates Cocaine War in Huallaga Valley," The Baltimore Sun, October 24, 1989.

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About the author (2001)

STEPHEN PELLETIÉRE is a Professor of National Security Affairs at the U.S. Army War College. He is a specialist in Middle East politics. As an intelligence officer from 1982, he has covered the Iran-Iraq War and the subsequent Gulf conflict. Prior to that, he was a Professor of Political Science and a foreign correspondent in the Middle East. He has written several books on the Middle East, including The Iran-Iraq War—Chaos in a Vacuum (Praeger, 1992).

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