Word: ued
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Dates: during 1970-1979
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...U. S. has acted in the interests of oil before. As long ago as 1893, Grover Cleveland intervened in Brazil at the insistence of Standard Oil. In Iran, in 1953 (when "guess-who" was Vice President), the CIA engineered a coup against the popularly-supported government of Mossadegh, after that nationalist leader began nationalizing Anglo-Iranian Oil, the largest Western firm in that country. The CIA restored the present Shah to the throne, and a year later an Oil Consortium was created through negotiations between the Shah and American companies (the British and Dutch were effectively excluded from those negotiations...
...eventual size of the oil deposits off the coast of South Vietnam is open to some conjecture. One U. S. geologist speculated that by 1975 the area could be producing 400 billion barrels of oil daily. That amount would be more than the entire oil production in the Western Hemisphere. And a United Nations geological survey team has reported that the Southeast Asian deposits might prove to be many times greater than those in the Middle East...
...form of protection. A friendly local government is another. A communist Southeast Asia would, of course, preclude major drilling operations by American oil companies. Thus the necessity of establishing and maintaining local governments that would not only provide political stability, but which would be willing to allow massive U. S. economic investments...
...when "guess-who" was still Vice President, a military-led and middle-class supported coup overthrew a pro-Western reactionary dictatorship in Iraq. When the new government threatened to nationalize some of the foreign investments in its country, the U. S. responded by landing Marines in Lebanon, while the British landed paratroops in Jordan. As a front-page dispatch in the N. Y. Times said: "Intervention will not be extended to Iraq as long as the revolutionary government in Iraq respects Western oil interests...
...however, is only one feather on the American Imperial Eagle. The U. S. supports the racist regime in South Africa because of that country's vast gold and uranium deposits. And the story of United Fruit and Guatemala is an oft-told tale (sad but true). The list goes on, but the point should be clear...