167. Oil: The Making of the Modern World
The Rest Is History
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The Suez Crisis and the Birth of OPEC
This chapter examines the Suez Crisis's impact on global oil dynamics, detailing the emergence of OPEC and the shifts in American foreign policy influenced by European and Soviet oil strategies. It also highlights the intricate geopolitical landscape of the Middle East during the 1970s, focusing on U.S. reliance on regional powers amidst rising tensions and conflicts.
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