Oil for Israel

Paper Summary:

The paper begins with an explanation and history of the tensions that exist between Saudi Arabia and Israel. The paper goes on to describe the advantages of opening trade between the two countries. Finally, the writer warns of a potential danger to the creation of trade: if Israel were to become dependent on Saudi oil, Saudi Arabia could disrupt the Israeli economy by cutting off the supply.

From the Paper:

"The tensions between the Arab world and Israel extend back centuries, though two of the major entities of the Middle East, Saudi Arabia and Israel, were created only in this century. The Kingdom of Saudi Arabia is a creation of this century, and the House of Saud has ruled the country since its foundation. Abd al Aziz bin Abd ar Rahman Al Saud was the one who established the state through a combination of tribal conquest and diplomatic maneuvering over a period of 25 years, and in 1932 he proclaimed the establishment of the Kingdom of Saudi Arabia, named after the House of Saud and ruled by its first two monarchs as if it were a tribal confederation. The first ruler was succeeded by his son Saud, and in 1964 Saud's brother Faisal ascended the throne after Saud was deposed. At that time, the nation was nearly bankrupt, left with a set of tribal attitudes and methods and badly in need of modernization. The chance for such modernization existed in the revenues being generated by the discovery and exploitation of oil."

More papers on Oil for Israel:

• Research Paper # 24232 : "The Oil Crisis of 1973"
• Comparison Essay # 134786 : "Economic Systems of Cuba and Israel"
• Analytical Essay # 148296 : "The 1973 Oil Embargo"

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