By F. William Engdahl
This ebook is a gripping account of the murky global of the foreign oil and its function in global politics. Scandals approximately oil are popular to so much people. From George W. Bush's election victory to the wars in Iraq and Afghanistan, US politics and oil take pleasure in a controversially shut dating. the USA financial system depends the inexpensive and limitless offer of this unmarried gas. William Engdahl takes the reader via a background of the oil industry's grip at the international economic climate. His revelations are startling.
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Extra resources for A Century of War: Anglo-American Oil Politics and the New World Order
His successor argued that Russia must come to terms with British power, and proceeded to sign over to the British the rights to Afghanistan and large parts of Persia, and agreed to curtail Russian ambitions in Asia significantly. Thus, a British–French–Russian Triple Entente in effect had been fully established by 1907. Britain had created a web of secret alliances encircling Germany, and had laid the foundations for the coming military showdown with the Kaiser’s Reich. 10 Following British consolidation of its new Triple Entente strategy of encirclement of Germany and her allies, a series of continuous crises and regional wars were unleashed in the Balkans, the ‘soft underbelly’ of Central Europe.
Germany knew well that Britain asserted interests in the Persian Gulf and Suez in defense of her India passage, as it was known. Without positive British backing, it was clear that the project would face great difficulties, not least political and financial. The size of the final leg of the railway was beyond the resources of German banks, even one as large as Deutsche Bank, to finance alone. From its side, however, for the next 15 years Britain sought with every device known, to delay and obstruct progress of the railway, while always holding out the hope of ultimate agreement to keep the German side off balance.
In 1912, Deutsche Bank, in the course of its financing of the Baghdad rail connection, negotiated a concession from the Ottoman emperor giving the Baghdad Rail Co. full ‘right-of-way’ rights to all oil and minerals on a parallel 20 kilometers either side of the rail line. The line had reached as far as Mosul in what today is Iraq. By 1912, German industry and government had realized that oil was the fuel of its economic future, not only for land transport but for naval vessels. At that time, Germany was itself locked in the grip of the large American Rockefeller Standard Oil Company trust.
A Century of War: Anglo-American Oil Politics and the New World Order by F. William Engdahl