Oil, God, and Gold: The Story of Aramco And The Saudi Kings
The comments below are an edited and abridged synopsis of an article by Peter C. Speers
Anthony Cave Brown’s Oil, God, and Gold: The Story of Aramco and the Saudi King provides a detailed report on the formation of the concession agreement and OPEC.
In 1933, the Standard Oil Company of California (Socal), against stiff competition from the Iraq Petroleum Company, concluded an agreement with Saudi Arabia that permitted it to explore for, produce and export oil. Today, it seems that Socal was betting on a sure thing, but in
The profit-sharing agreement of December 1950 was probably the major event between the granting of the original concession and the final transfer of ownership to the Saudi government in 1980. It not only enhanced the Saudis’ income from
According to the Middle East Policy Council’s review, Brown’s book contains multiple misstatements and distortions of fact, and the reader is left wondering whether any of Brown’s statements can be trusted. Brown has produced a good read, but a badly flawed one. Unfortunately, it may be taken by future historians as a reliable source.