| |
| | Oil.html |
 | | The history of the Middle East oil industry is a portrait of the rise of a group of exploited, underdeveloped and impoverished colonies, to one of the wealthiest and politically vital regions of the world. |
 | | Iranian oil was subsequently boycotted, by the west, until the country's economy collapsed and the Shah was forced to yield to the Western company's demands. |
 | | The oil companies, realizing that this tax could then be written off as an expense on taxes back home, soon accepted similar offers of taxation from the Middle Eastern and North African countries, raising the concession moneys paid to the producers from 22¢ p/b to 80¢ p/b. |
| www.mindspring.com /~koz/papers/Oil.html (3559 words) |
|