F. William Engdahl - A Century of War, Anglo-American Oil Politics and the New World Order (2004).pdf

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Century of War : Anglo-American Oil Politics and the New World Order
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A Century of War
Anglo-American Oil Politics
and the New World Order
Revised Edition
William Engdahl
Pluto
P
Press
LONDON • ANN ARBOR, MI
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First published in English 1992
Revised edition first published 2004 by Pluto Press
345 Archway Road, London N6 5AA
and 839 Greene Street, Ann Arbor, MI 48106
www.plutobooks.com
Copyright © William Engdahl 1992, 2004
The right of William Engdahl to be identified as the author of this work
has been asserted by him in accordance with the Copyright, Designs
and Patents Act 1988.
British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
ISBN 0 7453 2310 3 hardback
ISBN 0 7453 2309 X paperback
Library of Congress Cataloging in Publication Data applied for
10 9 8 7 6 5 4 3 2 1
Designed and produced for Pluto Press by
Chase Publishing Services, Fortescue, Sidmouth, EX10 9QG, England
Typeset from disk by Stanford DTP Services, Northampton, England
Printed and bound in Canada by Transcontinental Printing
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Contents
Preface
ix
1. The Three Pillars of the British Empire
1
The Empire needs a new strategy
1
Free trade and the sinews of British power
2
Britain’s informal empire
5
The Great Depression of 1873
8
2. The Lines are Drawn: Germany and the Geopolitics
of the Great War
11
Germany’s Wirtschaftswunder
11
A Berlin bank panic
14
The necessity for ship and rail infrastructure
15
3. A Global Fight for Control of Petroleum Begins
19
A British admiral sees beyond lamp oil
19
D’Arcy captures the secret of the burning rocks
20
By rail from Berlin to Baghdad
22
The new Dreadnoughts
28
Sir Edward Grey’s fateful Paris trip
29
Fashoda, Witte, great projects and great mistakes
30
4. Oil Becomes the Weapon, the Near East the
Battleground
35
A bankrupt Britain goes to war
35
Oil in the Great War
37
Britain’s secret eastern war
40
‘Selling the same horse twice’
43
Arthur Balfour’s strange letter to Lord Rothschild
44
Balfour backs the new concept of empire
46
5. Combined and Confl icting Goals: The United States
Rivals Britain
50
Morgan fi nances the British war
50
New York bankers challenge the City of London
55
Britain moves for oil supremacy
58
Churchill and the Arab Bureau
59
A battle for control of Mexico
60
The secret of British oil control
61
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vi A Century of War
6. The Anglo-Americans Close Ranks
65
A conference in Genoa
65
Sinclair and the American bid
66
Germany tries to outfl ank the British
68
Military occupation of the Ruhr
70
The real origins of Weimar hyperinfl ation
71
The Anglo-American Red Line
74
7. Oil and the New World Order of Bretton Woods
85
A new empire rises from the ashes of war
85
The dollar standard, Big Oil and the New York banks
87
The Marshall Plan forms a postwar oil hegemony
88
The power of the New York banks tied to U.S. oil
90
Mohammed Mossadegh takes on Anglo-American oil
91
Italy attempts independence in oil and development
97
Mattei’s bold development initiative
99
Continental Europe emerges from the rubble of war
105
Anglo-American grand designs against Europe
107
1957: America at the turning point
109
‘That ’58 Chevy’
110
The dollar wars of the 1960s
111
The Vietnam option is taken
114
The beginnings of America’s internal rot
117
Sterling, the weak link, breaks
120
De Gaulle is toppled
125
9. Running the World Economy in Reverse: Who Made
the 1970s Oil Shocks?
127
Nixon pulls the plug
127
An unusual meeting at Saltsjöbaden
130
Dr. Kissinger’s Yom Kippur oil shock
135
The economic impact of the oil shock
138
Taking the ‘bloom off the nuclear rose’
141
Developing the Anglo-American green agenda
143
10. Europe, Japan and a Response to the Oil Shock
150
The petrodollar monetary order devastates the
developing world
150
From Colombo comes a political earthquake
156
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