EGEE 120
Oil: International Evolution

Lesson 3 Readings

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Reading Assignments for Lesson 3

Students are to read four chapters of the text - The Prize, and selected sections in The Quest. The sections not listed are optional.

Chapter 7 - "Beer and Skittles" in Persia

Sections to Read

  • Introduction
  • Russia Verses Britain
  • The "Syndicate of Patriots"
  • To the Fire Temple: Masjid-i-Suleiman
  • Racing the Clock
  • The "Big Company": Anglo Persian
Major Themes to Ponder as You Read
  • Clash of Cultures, British vs. Persian (implications for contracts and conducting business in foreign lands).
  • Strategic positioning, Russia vs. Britain (Persian Gulf emerged as a strategic region for naval access & for oil).
  • Interaction between commercial interests and nationalistic concerns.
Chapter 8 - The Fateful Plunge

Sections to Read

  • Introduction
  • "The Godfather of Oil"
  • "Made in Germany"
  • Speed!
  • The Shell Menace
  • Aid for Anglo-Persian
  • A Victory for Oil

Major Themes to Ponder as You Read

  • British needed to catch up with the German & American navies.
  • Benefits of oil conversion in the navy.
  • Strategic access to oil.
  • Interplay between strategic, national, & commercial interests in political theatre.
Chapter 9 - The Blood of Victory: World War I

Sections to Read

  • Introduction
  • The Taxi Armada
  • Internal Combustion at War
  • Anglo Persian Versus Shell
  • The Man with the Sledgehammer

Major Themes to Ponder as You Read

  • Transformative impacts of internal combustion engine.
  • Emergence of technology in waging war.
  • Access & control of oil was critical to survival & decisive in World War I.
  • Oil prices can rise very quickly - inelastic demand; industry supply has long lead times.
The Quest Chapter 2: The Caspian Derby

Section to Read

  • The New Great Game

Major Themes to Ponder as You Read

  • The wealth: each country saw the pipeline as instant funnel into their savings accounts.
  • Protection needed for the pipeline.
  • Monitoring the pipeline, and whose responsibility.
  • Environmental impacts in addition to spills and cleanup.
Chapter 10 Opening the Door on the Middle East: the Turkish Petroleum Company

Sections to Read

  • Introduction
  • Mr. Five Percent
  • "A First-Class War Aim"
  • Clemenceau and His Grocer
  • Oil Shortage and the Open Door
  • "The Boss": Walter Teagle
  • Faisal of Iraq
  • The Architect
  • Toward the Red Line

Major Themes to Ponder as You Read

  • Britain wanted to assert its influence over Mesopotamian area (present-day Iraq).
  • France had claims to part of the area northwest of Baghdad; the Mosul area in Kurdish north.
  • Calouste Gulbenkian was the key to oil concessions in the Mesopotamian region.
  • The Great War made it clear that petroleum was essential in the strategy of nations not just commercial entities.
  • The Allies had their differences when it came to oil as Britain initially did not want America and others in the Middle East.
The Quest Chapter 13: The Security of Energy

Sections to Read

  • Dimensions
  • Introduction

Major Themes to Ponder as You Read

  • Security of oil supplies.
  • Security of transportation of oil.
  • Security of the access to oil.