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Oil Money: Middle East Petrodollars and the Transformation of US Empire, 1967-1988

By David M. Wight
eBook
$38.99
By David M. Wight
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In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil.

In the 1970s, the Unit...

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Current Affairs & PoliticsDiplomacy & International RelationsInternational Relations - General & Miscellaneous