This is the story of American petroleum interests in the Middle East since the 1930s and their relation to our national foreign oil policy. It provides a clear account of the tangled events leading up to the present dominant position of American enterprise in Middle East oil discovery and production. It also presents a significant case study of a foreign investment and its relation to U.S. foreign economic policy. Originally published in 1949. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.