Oil and geopolitics: the oil crises of the 1970s and the Cold War

Abstract: Examination of the geopolitics of oil in the 1970s provides important insights into the nature and dynamics of the Cold War. Possession of ample domestic oil supplies and the ability to ensure access to foreign oil reserves were significant elements in the power position of the United States in its Cold War competition with the Soviet Union. U.S. oil production peaked in 1970,however, making the United States increasingly dependent on oil imports and ending its ability to provide oil to its allies during supply interruptions. At the same time, economic nationalism and war and revolution in the Middle East led to disruptions in supply and sharp increases in oil prices in 1973-74 and again in 1978-80. In contrast, the Soviet Union overtook the United States as the world’s leading oil producer in the 1970s, and the windfall from higher oil prices helped support Soviet military and economic power and involvement in the Third World. The oil crises raised questions about the ability of t

Alternative title
Öl und Geopolitik: die Ölkrisen der 1970er Jahre und der Kalte Krieg
Location
Deutsche Nationalbibliothek Frankfurt am Main
Extent
Online-Ressource
Language
Englisch

Bibliographic citation
Oil and geopolitics: the oil crises of the 1970s and the Cold War ; volume:39 ; number:4 ; year:2014 ; pages:186-208
Veröffentlichungsversion
begutachtet (peer reviewed)
Historical social research ; 39, Heft 4 (2014), 186-208

Classification
Politik
Geschichte

Creator

DOI
10.12759/hsr.39.2014.4.186-208
URN
urn:nbn:de:0168-ssoar-403947
Rights
Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
Last update
14.08.2025, 10:58 AM CEST

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