The Seven Sisters: The Great Oil Companies and the World They ShapedExxon, Gulf, Texaco, Mobil, Socal, British Petroleum, and Royal Dutch Shell: five huge American companies, one British company, and one Anglo-Dutch concern have dominated the world of oil - as oil has dominated all of us - for most of the century since the first Pennsylvania strike. How did this largest and most critical of the world's industries come under the control of these seven giants, and what will happen to them now, balanced on the tightrope between the demands of consumers and their partnership with the producing countries of OPEC? |
Contents
THE ROCKEFELLER INHERITANCE | 18 |
OIL AND EMPIRE | 43 |
THE CAR VEUP | 58 |
Copyright | |
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agreed agreement American companies American oil Amouzegar anti-trust Arab Aramco Bahrain barrel became began biggest Britain British government cartel chairman cheap oil chief Churchill concession Consortium consumers corporations crisis Department Deterding diplomatic director Edith Penrose embargo Europe eventually experts Exxon foreign policy George Piercy global Gulf huge independents insisted interests Iran Iranian Iraq King Feisal Kuwait later Libyan London majors McCloy Mellon ment Middle East million Mobil monopoly Mossadeq Multinational Hearings nationalisation negotiations oil companies oil industry oilfields oilmen OPEC organisation percent Petroleum Piercy pipeline political posted price President price of oil problem producing countries profits realised refinery Rockefeller Russian Saudi Arabia Senator seven sisters Shah share Sheikh Shell shortage Sir David Barran Socal and Texaco soon Spindletop Standard Oil supplies tankers Teagle Teheran Texaco Texan Texas trust-busters United Venezuela warned Washington West Western Yamani York