While it is true that oil and water are distinguishable, oil and politics are not. Thus oil is the key to Saudi Arabia's future, its wealth, and its status in the world. The development of the oil industry in the 1970s gave Saudi Arabia unprecedented international involvement. Its high production capacity coupled with its huge oil reserve gave Saudi Arabia an influential role in the Organization of Petroleum Exporting Countries. Its large surplus revenue enabled it to have an influence in world financial and petroleum markets. As a result of this influence, Saudi Arabia emerged as one of the most powerful and politically active countries in the Middle East; it has become a conflict resolver, financier, prime conciliator, and force of moderation.
The purpose of this study is to examine, through a descriptive and analytical approach, the Saudi perspective on its oil power and policies in world affairs and how the Arab-Israeli conflict affects these policies. A special emphasis on the United States-Saudi Arabian relationship is made, since Saudi Arabia looks at the United States as the key factor in the Arab-Israeli conflict.
To serve this end, the dissertation is divided into three parts.
Part one examines the economic and political reality of oil power, its implication and limitation. Also this part examines the behavior and the policies of the oil companies, the oil-consuming countries, and the oil-producing countries after the structural change of the oil industry and the shift in control of production and prices from the hands of the oil companies to those of the oil-producing countries.
Part two examines the Saudi Arabian economy, the role of oil in developing this economy, and the effect of Saudi development plans on Saudi oil policies.
Part three examines Saudi foreign policy, especially its role in the Arab-Israeli conflict, with emphasis on the Saudi oil role in this regard. Also, this part examines the United States-Saudi Arabia relationship and interest, the United States interest in Israel, and, finally, how Riyadh sees these interests affecting United States policies in the Middle East.
While it is true that oil and water are distinguishable, oil and politics are not. Thus oil is the key to Saudi Arabia's future, its wealth, and its status in the world. The development of the oil industry in the 1970s gave Saudi Arabia unprecedented international involvement. Its high production capacity coupled with its huge oil reserve gave Saudi Arabia an influential role in the Organization of Petroleum Exporting Countries. Its large surplus revenue enabled it to have an influence in world financial and petroleum markets. As a result of this influence, Saudi Arabia emerged as one of the most powerful and politically active countries in the Middle East; it has become a conflict resolver, financier, prime conciliator, and force of moderation.
The purpose of this study is to examine, through a descriptive and analytical approach, the Saudi perspective on its oil power and policies in world affairs and how the Arab-Israeli conflict affects these policies. A special emphasis on the United States-Saudi Arabian relationship is made, since Saudi Arabia looks at the United States as the key factor in the Arab-Israeli conflict.
To serve this end, the dissertation is divided into three parts.
Part one examines the economic and political reality of oil power, its implication and limitation. Also this part examines the behavior and the policies of the oil companies, the oil-consuming countries, and the oil-producing countries after the structural change of the oil industry and the shift in control of production and prices from the hands of the oil companies to those of the oil-producing countries.
Part two examines the Saudi Arabian economy, the role of oil in developing this economy, and the effect of Saudi development plans on Saudi oil policies.
Part three examines Saudi foreign policy, especially its role in the Arab-Israeli conflict, with emphasis on the Saudi oil role in this regard. Also, this part examines the United States-Saudi Arabia relationship and interest, the United States interest in Israel, and, finally, how Riyadh sees these interests affecting United States policies in the Middle East.
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