Tag Archives: McDonnell Douglas

Occupying Ghawar

(Excerpted from Chapter 13: USS Persian Gulf: Big Oil & Their Bankers…)

Aside from the economic benefits which US multinationals derived from the brief US war against Iraq and the curtailment of Saudi and Kuwaiti economic power which the Gulf War wrought, there were other important repercussions from the destabilization of the Persian Gulf region. Continue reading

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Contracts For Vampires

(Excerpted from Chapter 12: The Gulf Oil War: Big Oil & Their Bankers…)

As oil historian Daniel Yergin put it, “What we had before the war was a special relationship with Saudi Arabia.  Now we have a more special relationship”.  Continue reading