A Century Of War: Anglo-American Oil Politics and the New World Order by F. William EngdahlThis 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. Bushs 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 industrys grip on the world economy. His revelations are startling.
Petroleum - summary of the modern history of oil
The former Exxon company was founded in as part of the Standard Oil trust see Standard Oil Company and Trust , which in became the holding company for all companies previously grouped in the trust. In the U. Supreme Court ordered it to divest itself of 33 of its American subsidiaries. Other Standard Oil companies, however, later contested the name in the courts and succeeded in barring its use in several states. Many foreign affiliates, however, retained the Esso name. Prior to its merger with Mobil, Exxon had developed businesses in every phase of the petroleum industry, from oil fields to service stations.
The former British prime minister was recalling a conversation that he and Enoch Powell had had during the late s. With his chilly stare Powell came across as slightly unhinged, an impression that his incendiary later prophecy about immigration would only reinforce. But on this, at least, there is no question that Powell was right. Powell had spent the pivotal years of the war in the Middle East. Nor was the feeling confined to the British. All this is now forgotten history.
Anglo-American Oil Co was established as the UK distributing subsidiary of the Standard Oil Company of America. The company.
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Oil dominates every aspect of our lives. It fuels our cars, it is used in the production of our plastic goods, the electricity for our homes and factories and can even be found in the fertiliser for the soil in which our food grows. Our world is dominated by the need to control oil. It is often the cause of wars. It can make nations extremely wealthy, while shortages can bring economies to their knees. Just how did this black, sticky substance come to run our world?