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Oil Revolution

Oil Revolution
Anti-Colonial Elites, Sovereign Rights, and the Economic Culture of Decolonization

$99.99 (P)

Part of Global and International History

  • Publication planned for: June 2017
  • availability: Not yet published - available from June 2017
  • format: Hardback
  • isbn: 9781107168619

$ 99.99 (P)

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About the Authors
  • Through innovative and expansive research, Oil Revolution analyzes the tensions faced and networks created by anti-colonial oil elites during the age of decolonization following World War II. This new community of elites stretched across Iran, Iraq, Saudi Arabia, Venezuela, Algeria, and Libya. First through their western educations and then in the United Nations, the Arab League, and the Organization of Petroleum Exporting Countries, these elites transformed the global oil industry. Their transnational work began in the early 1950s and culminated in the 1973–4 energy crisis and in the 1974 declaration of a New International Economic Order in the United Nations. Christopher R. W. Dietrich examines how these elites brokered and balanced their ambitions via access to oil, the most important natural resource of the modern era.

    • Reveals the effects of the economic culture of decolonization of the global oil industry, showing the role of international politics in this sector
    • Illuminates the influence of ideas in the global political economy, showing how this shaped attitudes, debates, and policies
    • Pursues an ambitious research agenda, presenting to readers the role of the United States in enabling the OPEC members to take control of their oil
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    Reviews & endorsements

    'Dietrich’s Oil Revolution is a triumph of research and writing. This is an indispensable book, illuminating the central role petroleum played in the transition from the global Keynesianism of the 1960s to the neoliberalism of the 1980s. A tour-de-force synthesis of intellectual, political, and economic history.' Greg Grandin, New York University

    'In this compelling history, Dietrich takes the international politics of oil as a starting point to not only explore how Third World elites offered revolutionary new claims for economic sovereignty but also to demonstrate the absolute centrality of the global South in the making of the late twentieth century world.' Mark Philip Bradley, University of Chicago

    'A game-changing account of where the ideas that matter to the world economy come from. Dietrich traces the work of the Arab and kindred anticolonial intellectuals who led the successful movement for national sovereignty over natural resources.' Robert Vitalis, University of Pennsylvania and author of the forthcoming Oilcraft

    'As Dietrich shows in this brilliant and essential new account, the oil crisis of 1973–74 culminated in a decades-long anti-colonial campaign, waged by Third World elites for control of economic resources. Dietrich expands our understanding of the politics of oil and achieves new vantage on global change. His achievement is vital reading for students of post-1945 international politics and economics.' Daniel Sargent, University of California, Berkeley

    'An outstanding book on the relationship between sovereignty and international economic justice, highlighting how the search for fairer oil prices changed some of the most fundamental aspects of international affairs.' O. A. Westad, Harvard University, Massachusetts and author of The Cold War: A World History

    'In this beautifully conceived study, Christopher R. W. Dietrich uses the history of sovereign rights over oil to show the power and the profound limits of legal ideas during the era of decolonization and its aftermath. For anti-colonial elites, sovereign rights redressed past wrongs and also democratized global politics, but their vision ultimately foundered under the burden of sovereign debt. Highly recommended.' Mary L. Dudziak, Asa Griggs Candler Professor of Law, Emory University, Georgia and President of the Society for Historians of American Foreign Relations

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    Product details

    • Publication planned for: June 2017
    • format: Hardback
    • isbn: 9781107168619
    • dimensions: 228 x 152 mm
    • availability: Not yet published - available from June 2017
  • Table of Contents

    Introduction. The cash-value of decolonization
    1. One periphery: the creation of sovereign rights, 1949–55
    2. Past concessions: the Arab League, sovereign rights, and OPEC, 1955–60
    3. Histories of petroleum colonization: oil elites and sovereign rights, 1960–7
    4. Rights and failure: the 1967 Arab oil embargo
    5. Nationalist heroes: imperial withdrawal, the Cold War, and oil control, 1967–70
    6. A turning point of our history: the insurrectionists and oil, 1970–1
    7. A fact of life: the consolidation of sovereign rights, 1971–3
    8. The OPEC syndrome: the Third World's energy crisis, 1973–5
    Conclusion. Dead by its own law? Decolonization, sovereignty, and culture.

  • Author

    Christopher R. W. Dietrich, Fordham University, New York
    Christopher R. W. Dietrich is Assistant Professor of History at Fordham University, New York. He has been awarded fellowships from the Woodrow Wilson Foundation, the American Historical Association, the National History Center, Yale University, Connecticut, the University of Texas, Austin, and the Society for Historians of American Foreign Relations.

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