Oil Revolution
Anticolonial Elites, Sovereign Rights, and the Economic Culture of Decolonization

Oil Revolution chronicles the rise and fall of anti-colonial oil elites who forged a new international culture of economic dissent from the 1950s to the 1970s.

Christopher R. W. Dietrich (Author)

9781316617892, Cambridge University Press

Paperback / softback, published 16 June 2017

366 pages
22.7 x 15.6 x 2.1 cm, 0.55 kg

'Dietrich provides a rich history of ideas, linking the work of the new elite on the nature of oil concessions to an array of European and American intellectuals concerned with international law and economic development, such as Albert O. Hirschman and Gunnar Myrdal … There is much to recommend in this work and its careful construction of the new international arena from an alternative perspective.' Karl Ittmann, The American Historical Review

Through innovative and expansive research, Oil Revolution analyzes the tensions faced and networks created by anti-colonial oil elites during the age of decolonization following World War II. This new community of elites stretched across Iran, Iraq, Saudi Arabia, Venezuela, Algeria, and Libya. First through their western educations and then in the United Nations, the Arab League, and the Organization of Petroleum Exporting Countries, these elites transformed the global oil industry. Their transnational work began in the early 1950s and culminated in the 1973–4 energy crisis and in the 1974 declaration of a New International Economic Order in the United Nations. Christopher R. W. Dietrich examines how these elites brokered and balanced their ambitions via access to oil, the most important natural resource of the modern era.

Introduction. The cash-value of decolonization
1. One periphery: the creation of sovereign rights, 1949–55
2. Past concessions: the Arab League, sovereign rights, and OPEC, 1955–60
3. Histories of petroleum colonization: oil elites and sovereign rights, 1960–7
4. Rights and failure: the 1967 Arab oil embargo
5. Nationalist heroes: imperial withdrawal, the Cold War, and oil control, 1967–70
6. A turning point of our history: the insurrectionists and oil, 1970–1
7. A fact of life: the consolidation of sovereign rights, 1971–3
8. The OPEC syndrome: the Third World's energy crisis, 1973–5
Conclusion. Dead by its own law? Decolonization, sovereignty, and culture.

Subject Areas: Economic history [KCZ], 20th century history: c 1900 to c 2000 [HBLW], Middle Eastern history [HBJF1], General & world history [HBG]