Introduction: The Carbon Wars: Planet Oil (03:05)
This film presents wars sparked and fueled by carbon, and Britain's oscillating relationship to oil.
Saudi Arabia is King of Crude (02:00)
United Arab Emirates is the driest and most baron place in the world and contains the most oil. They pump out 65% of global supplies.
Philby of Arabia (03:28)
In 1925, Philby resigned his position after allegations of sexual misconduct and espionage. He settled in Arabia and made friends with King Ibn Saud.
ARANCO Oil Company (03:51)
In April 1933, the Saudi finance minister signed away the rights to explore the country's oil potential, for $275,000. The Arabian-American Oil company or ARCANCO was born. On March 4, 1938 it struck oil.
Roosevelt's Deal of the Century (01:39)
Roosevelt solidified a deal that all Saudi oil would be produced by American companies, shutting out Britain in the biggest oil deal of the century. By the 1940s, Americans were pumping millions of barrels of crude across the dessert.
Salman Demands Change (03:07)
In 1950, Salman questioned the profits his country was making from exporting oil. ARAMCO was paying more in taxes to the US treasury than it was paying profits to the Saudi government. Salman demanded a change in the concession.
Mosaddegh's Declares No Deal (04:06)
In March 1951, the Iranian Prime Minister was assassinated. The new Prime Minister, Mosaddegh, disliked how much Great Britain profited from Iran's natural resource. The UK was completely frozen out of its only oil supply.
Operation Ajax (04:44)
In 1951 without oil, Britain was in serious trouble, economic output halted and unemployment spiked. Operation Ajax was created to overthrow the Iranian government and appoint a man handpicked by the U.S. and UK.
Coup D'etat (02:20)
Operation Ajax did not go as planned. Mosaddegh smelled a rat and quickly protected himself. The UK and U.S. intensified civil unrest in Iran encouraging it to become more violent. Mosaddegh was arrested and would spend his life behind bars.
Ransoming Oil (03:02)
Planet oil had entered a new phase, Western forces would stop at nothing to get the oil supplies it needed. In 1956, Nasser demanded control of the Suez Canal and profited from raised toll charges.
Britain's Oil Poverty (02:30)
By 1956, Britain was running dry. Oil poverty led Issigonis to develop the Mini-Cooper automobile. In the 1960s, 7 of 10 barrels of oil were coming out of the Middle East.
Organization of Petroleum Exporting Countries (OPEC) (03:40)
In 1960, the world was producing too much oil. Alfonzo had a plan to make it valuable again by bringing together the top oil companies into a members only club, setting a single unified price of oil. The status of oil as a commodity would change forever.
America's Energy Crisis (03:40)
The U.S. sided with Israelis during their war with Egypt. OPEC, angered by this, shut-off America's oil supply. The U.S. experienced an energy crisis.
Oil's Last Great Frontier (03:31)
The U.S. and UK turned to the world's oceans for oil, historically ignored due to the massive technological challenges. The North Sea's Fossil Fuel potential was discovered in the early 1960s.
BP in the North Sea (04:45)
Thirty men died as Great Britain's attempt at securing its own oil failed when the Sea Gem collapsed in the North Sea. BP found oil, and secrecy was top priority. The UK became an oil exporter.
Credits: The Carbon Wars: Planet Oil (00:47)
Credits: The Carbon Wars: Planet Oil
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