The Politics of International Oil

Study Sheet

I. Identify and give the significance of:

Azerbaijan	Calouste Gulbenkian	integrated oil company
Kermit Roosevelt	Tidewater Pipeline	Standard Oil of California
7 sisters	Ida Tarbell	Connally Hot Oil Act
South Improvement Co.	Iraq Petroleum Co.	Humble Oil Corp.
Burgan "elephant"	prisoner's dilemma	Red Line Agreement
Achnacarry	phantom freight	prorationing
MER	Col. Thompson	TIPRO
ARAMCO	OAPEC	stripper wells
Ghawar field	"Dad" Joiner	hot oil
slant wells	Mobil Oil Corporation	Bahrain
Operation Ajax	cartel	Blue Line Agreement
Governor Jim Hogg	Peres Alfonzo	Caltex
Walter Teagle	Henri Deterding	Willian Knox d'Arcy

Essay question: you will have a choice of 2 essay questions, along themes like:

• why regulate the industry?
• how has the industry been organized?
• how is politics of "host" (oil producer) countries affected by international oil markets?
• does it make sense to compare American oil enterprise in various Middle Eastern countries, especially Saudi Arabia, with classic European forms of colonial exploitation?