Oil Revolution: Anticolonial Elites, Sovereign Rights, and the Economic Culture of Decolonization [Hardcover]

Oil Revolution chronicles the rise and fall of anti-colonial oil elites who forged a new international culture of economic dissent from the 1950s to the 1970s.Oil Revolution examines the anti-colonial diplomats, lawyers, and economists from the oil-producing nations in the Middle East and Latin America who forged a new economic culture of decolonization after World War II. Their efforts transformed the oil industry but had devastating consequences during the energy crises of the 1970s.Oil Revolution examines the anti-colonial diplomats, lawyers, and economists from the oil-producing nations in the Middle East and Latin America who forged a new economic culture of decolonization after World War II. Their efforts transformed the oil industry but had devastating consequences during the energy crises of the 1970s.Through innovative and expansive research, Oil Revolution analyzes the tensions faced and networks created by anti-colonial oil elites during the age of decolonization following World War II. This new community of elites stretched across Iran, Iraq, Saudi Arabia, Venezuela, Algeria, and Libya. First through their western educations and then in the United Nations, the Arab League, and the Organization of Petroleum Exporting Countries, these elites transformed the global oil industry. Their transnational work began in the early 1950s and culminated in the 19734 energy crisis and in the 1974 declaration of a New International Economic Order in the United Nations. Christopher R. W. Dietrich examines how these elites brokered and balanced their ambitions via access to oil, the most important natural resource of the modern era.Introduction. The cash-value of decolonization; 1. One periphery: the creation of sovereign rights, 194955; 2. Past concessions: the Arab League, sovereign rights, and OPEC, 195560; 3. Histories of petroleum colonization: oil elites and sovereign rights, 19607; 4. Rights and failure: the 1967 Arab oil embargo; 5. Nationalist heroes: imperial/