This book discusses the oil industry and its impact on the world economy in the twentieth century. It examines the importance of oil in different sectors, from 1900-1973 and stresses the relevance of oil as a factor in modern economic history not only in national terms but also within an international context. The book includes chapters on American policy towards developing economies in the first half of the 20th century; the policy of Russian oil exports in the 20s and 30s; the financing of the German and French oil industries; and the role of oil in the Japanese economy, a major industrial country without oil resources. On the international front, the book covers the impact of the Middle East national oil companies, the effect of oil on the developing countries of South Ameirca and the relevance of the oil crisis of 1973.
Part 1: Global Aspects 1. Oil and the International Economy: Multinational Aspects, 1900-73 Edith Penrose 2. National Oil Companies with reference to the Middle East, 1900-73 3 N. Ghorban Oil in Developing Countries in South America Mircea Buesca 4. World Energy Crisis and the Middle East R. Andreasjan Part 2: National Aspects 5. Oil and the Evolution of US Policy Towards the Developing Areas, 1900-50: An Essay in Interpretation Jeffry A. Frieden 6. Soviet Oil Exports Between the Two World Wars V. A Shishkin 7. The US Energy Crisis of 1920 and the Search for New Oil Supplies Alan L. Olmstead and Paul Rhode 8. Banking and the German Oil Industry, 1890-1939 Helmut Mejcher 9. The Involvement of French Banks in the Oil Industry Between the Wars: Paribas and its Romanian Investments Philippe Marguerat 10. The Japanese Economy and Oil Importation Hiroaki Fukami