Transnational capital markets and development policies: the OPEC countries, the Eurocurrency markets, and the LDCs from the 1960s to the 1970s
In the wake of a recent literature in international banking and financial history focused on the role of western commercial banks in placing the OPEC nations' assets with international borrowers, this article examines the role of leading Wall Street American banks in reflowing the investments of
“Jumped on the boat of a territorialist organization”: State and Capital at the Origins of Oil Imperialism
Modern imperialism springs from the interaction of the geopolitical and economic logics. The international oil industry offers an ideal case study of this connection. The links between nation states and multinational oil companies have been close and mutually advantageous.
Petrodollars – the dollars accumulated by oil-producing countries as revenues for oil exports – are usually considered key to our understanding of the renewal and transformation of US power during the 1970s.
Roberto Cantoni, Oil exploration, Diplomacy, and Security in the Early Cold War: The Enemy Underground (New York: Routledge, 2017)
À sa création en 1924, l'Etat français confia à la Compagnie française des Pétroles les 25% de parts de la Turkish (ensuite Iraq) Petroleum Company qu'il détenait.