Abu Juwairiya
Junior Member
Due to the significance of the need to control oil supplies as the only major factor in world politics for western nations, especially in the middle east, the quotation below is both relevant and contemporaneous.
'In 1928 the heads of British and American major oil companies met at Sir Henri
Deterding's Achnacarry Scotland estate and proceeded to carve out the cartelized
control of the Middle east. In their so-called "Red Line Agreement," Anglo or
American oil majors would control virtually all oil reserves and production inside
the Red Line. France's Compagnie Francaise des Petroles, the only significant
non-Anglo-American company inside the Red Line, was given Deutsche
Bank's interest in the Turkish Petroleum Company as part of the settlement of
World War I.' (Source 'A Century of War: Anglo-American Oil Politics and the New World Order', by F William Engdahl, P 35, 1992)
'In 1928 the heads of British and American major oil companies met at Sir Henri
Deterding's Achnacarry Scotland estate and proceeded to carve out the cartelized
control of the Middle east. In their so-called "Red Line Agreement," Anglo or
American oil majors would control virtually all oil reserves and production inside
the Red Line. France's Compagnie Francaise des Petroles, the only significant
non-Anglo-American company inside the Red Line, was given Deutsche
Bank's interest in the Turkish Petroleum Company as part of the settlement of
World War I.' (Source 'A Century of War: Anglo-American Oil Politics and the New World Order', by F William Engdahl, P 35, 1992)