If the chief natural resource of the Middle East were bananas, the region would not have attracted the attention of U.S. policymakers as it has for decades. Americans became interested in the oil riches of the region in the 1920s, and two U.S. companies, Standard Oil of California and Texaco, won the first concession to …
Continue reading “The government sought foreign sources of oil during World War II because it believed U.S. reserves were running out.”
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