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

David M. Wight

Abstract

This book 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 United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized pet ... More

Keywords: US global empire, Middle East, United States, US global empire, Middle East petrodollars, US power, state-sponsored violence, Iranian Revolution, globalization

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9781501715723
Published to Cornell Scholarship Online: January 2022 DOI:10.7591/cornell/9781501715723.001.0001

Authors

Affiliations are at time of print publication.

David M. Wight, author
University of North Carolina at Greensboro