1980s: The Seven Sisters

Great Essays
Show More
IN 1980s the seven sisters (shell,exxon mobil and all) were set aside and new seven sister replaced those companies. What was the raeson behind this shift?

Old seven sisters:
1. Anglo persian oil company (United Kingdom)
2. Gulf Oil (United states).
3. Royal dutch shell (Netherlands/United kingdom).
4. Standard oil of California (United states).
5. Standard oil of New Jersey (United states)
6. Standard oil company of New York (United states)
7. Texaco (United states).

New seven sisters:
1. Saudi Aramco (Saudi Arabia)
2. China national petroleum corporation. (China)
3. Gazprom (Russia)
4. National Iranian oil company (Iran)
5. Petrobras (Brazil)
6. PDVSA (Venezuela)
7. Petronas. (Malaysia)

The old seven sisters satated above portarayed immense power as they acted as a key player as no government could be formed until it provoded protection to the seven sisters and worked according to their …show more content…
Iranians were not allowed the access to accounts but the royalties paid were enough to satisfy iranian monarch or at least the shah and bought his silence.
The seven sisters ruled over middle east or its oil.

Roosevelt met king of Arabia and came into a verbal contract with him for opening the way in arabia for u.s oil companies in 1936. In 1936 arabia sold its oil rights to Americans.
Aramco was founded which was a consortium combined of exon, chevron, mobill and texico.

But the aramco cannot make any laws and have to follow the laws made by the consortium companies

What was good for seven sisters was good for america.

In 1951 the first revolt against british petroleum

Related Documents

  • Superior Essays

    The Sisters Brothers Analysis
    • 1255 Words
    • 5 Pages

    The Sisters Brothers Analysis

    Patrick deWitt’s The Sisters Brothers (2011): a satirical deviation from the cowboy western genre “The Wild West has always enticed the readers’ imagination” (Vanja 128). This research paper explores the context of Patrick deWitt’s The Sisters Brothers (2011). DeWitt’s use of a “stylized abstraction of western speech” (Vernon 1) offers its readers a respite from everyday life. Although it follows the traditional scheme of a cowboy western genre, the novel has certain innovations of its own (Vanja 130). The novel is narrated in a gritty 19th Century western speech, which although is sharp and distinctive, allows the story to not always be serious yet not always be funny, making the novel entertaining.…

    • 1255 Words
    • 5 Pages
    Superior Essays
    Read More
  • Superior Essays

    Colonial South: How Did England Govern Chaos?
    • 1190 Words
    • 5 Pages

    Colonial South: How Did England Govern Chaos?

    The Colonial South One of the most thought provoking questions about the past of our country, specifically about the southern colonies, is ‘how was it effected by trade, industry, slavery, Indians, and how could England Govern the chaos?’ Before that is answered it must be determined how each of these characteristics of the South either worked in unison with one another, or combated each other in the final outcome. England at this point in time – being about the beginning of the 17th century – had invented new forms of businesses to stimulate the colonization of the New World and invoke the trade of special commodities. But with this overhaul of cultivation in different industries came the need for another ‘highly important’ asset.…

    • 1190 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    How Did United States Use Oil Prices In Iraq In The Iraq War?
    • 1106 Words
    • 5 Pages

    How Did United States Use Oil Prices In Iraq In The Iraq War?

    Many historians agree that the United States’ entrance into Iraq during the second Iraq war benefited oil companies and thus the US alike. After the overthrow of Saddam Hussein many oil companies, like Shell and ExxonMobil began attempts to move into Iraq. As these US companies benefited from the oil that was present, the US enjoyed cheaper oil prices. The price prior to the Iraq war and the overthrow of Saddam Hussein for a barrel of oil was $40 USD. However, after the war oil prices dropped to $35 USD.…

    • 1106 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    The Oil Boom In Oklahoma
    • 702 Words
    • 3 Pages

    The Oil Boom In Oklahoma

    The influx of population led to Oklahoma Territory to join with Indian Territory to become a State in 1907. It is in this climate of hopeful settlers and subdued Indian tribes that the Oil Boom would occur. Although some students will have gaps in the basic knowledge of Oklahoma history, it is important to give a broad review of key aspects of the beginning of the rise of oil and natural gas of the 20th and 21st century. This is to include the rise in the demand of oil during World War I and increasing exploration in the supply of oil and natural gas throughout Oklahoma. Additionally, oil and natural gas are the biggest industry in Oklahoma, which includes the refinement and production of petroleum products that are not just gasoline or diesel fuel.…

    • 702 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Empress Theodora's Impact On Women And Women
    • 244 Words
    • 1 Pages

    Empress Theodora's Impact On Women And Women

    Throughout history women have often played a significant role, and although women haven’t usually been in a position of power, they have, none-the-less, often contributed in significant ways. For example, like Theodora and Elizabeth, they wanted to help people bring peace and have no war because they did everything they could like build aqueducts,and build houses for homeless. Empress Theodora impacted her society by Elizabeth looking at the laws carefully and many of the changes were changed. They protected women and children. Theodora’s husband, Justinian, passed the women laws higher than it had ever in the empire.…

    • 244 Words
    • 1 Pages
    Improved Essays
    Read More
  • Improved Essays

    Powhatan Women Analysis
    • 824 Words
    • 4 Pages

    Powhatan Women Analysis

    The seventeen-century women in America played a major role in general. Despite the fact that early American women are frequently portrayed as weak and occasionally are under appreciated by some writer or society, they were a key in the development of society at the time. They were fundamental to the functioning of the economy. In the articles “The Ways of Her Household and Powhatan Women” we can find evidence of women’s relevant role in the seventeen century. These articles are about two different types of women’s lives.…

    • 824 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Richard Nixon Research Paper
    • 1141 Words
    • 5 Pages

    Richard Nixon Research Paper

    Richard M. Nixon, Republican, President: January 1969- August 1974 "Being controversial in politics is inevitable. If an individual wants to be a leader and isn't controversial, that means he never stood for anything. In the world today, there are not many good choices—only choices between the half-good and the less half-good." - Richard M Nixon, Interview with the Chicago Tribune in 1978 (Thimmesh, Nick. " An Interview with Nixon: 'Defeated but not Finished.'" )…

    • 1141 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Donald Trump's Time To Get Tough-Making America
    • 1377 Words
    • 6 Pages

    Donald Trump's Time To Get Tough-Making America

    Born in New York on June 14th, 1946, Donald Trump is a world famous, republican businessman who is well known by the media as being a considerably outspoken man, who isn’t afraid to voice his opinion about any issue, no matter how ridiculous his opinion may be. He is no different in his book, Time to Get Tough- Making America #1 Again. Throughout his book, Donald Trump makes sure to mention, numerous times, that President Obama has failed the United States, and provides suggestions that he believes will fix America and the problems President Obama has created.…

    • 1377 Words
    • 6 Pages
    Improved Essays
    Read More
  • Great Essays

    All The Shah's Men Essay
    • 2144 Words
    • 9 Pages

    All The Shah's Men Essay

    Following World War II, many different countries were left in ruins and began to rebuild, especially in Europe. Iran specifically, was recovering from being invaded by Soviet and British troops after being a neutral country in the war. In the book titled All the Shah’s Men, we get a more focused glimpse on Iran and all the foreign powers influencing the nation. Iran was ruled as a monarchy until 1979, and each king or emperor is given the title of “shah”. Every Shah ruled until death or they were overthrown.…

    • 2144 Words
    • 9 Pages
    Great Essays
    Read More
  • Improved Essays

    Energy Security In The 19th Century
    • 767 Words
    • 4 Pages

    Energy Security In The 19th Century

    Towards the end of the 18th century, something big occurred, the United States declared its dependence from Great Britain enabling it to become an independent country. Now, in comparison with other countries, the US was relatively young, and at the time, its leaders were unexperienced and unaware of the magnitude behind running a country. The oil industry picked up well around mid-19th century in America and its initial stages, kerosene, was used for light domestic uses of heating and lighting, but the development of new drilling technology in the 19th century saw the mass consumption of petroleum provide energy for industries. Mid-19th century something else game changing happened, the first commercial oil well came into effect. From then until WWI oil became increasingly important and naturally the need for protecting it became top priority as well.…

    • 767 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Role Of Government In The Renaissance
    • 1424 Words
    • 6 Pages

    Role Of Government In The Renaissance

    There are many forms of government practiced in Renaissance Italy. With this in mind, the main functions of the government were to create and enforce laws and institutions (republics); as well as make laws by decree (signori). (Najemy, pg 195) Also, the government’s were responsible for public order, control of violence, justice, military/war, tax/finance, and diplomacy. (Najemy, pg 195) Thinking about this, enforcing laws and institutions, as well as making laws by decree are both very important jobs that only the government should be dealing with.…

    • 1424 Words
    • 6 Pages
    Superior Essays
    Read More
  • Improved Essays

    Women's Role In The 18th Dynasty
    • 829 Words
    • 4 Pages

    Women's Role In The 18th Dynasty

    The Queens in the 18th dynasty New Kingdom period, played a very active and prominent role, they held political roles in this period as the king was away most of the time fighting in wars, queens were left to act as regent and deal with Egypt’s matters. This meant that queens held considerable power and were able to participate in military affairs. Three queens who played vital roles in the establishment and consolidation of the 18th dynasty were Tetshiri, Ahhotep and Ahmose-Nefertari. Queen Tetshiri is known as, “the mother of the 18th dynasty” since she played a vital role in the establishment of the New Kingdom Period. Even though she was non-royal she was given the titles, “King’s Mother” and “King’s Great Wife”.…

    • 829 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Exxon Mobil Porter's Five Forces Analysis
    • 2906 Words
    • 12 Pages

    Exxon Mobil Porter's Five Forces Analysis

    External Analysis Porter’s Five Competitive Forces: Threat of New Entrants - Low For a new company to successfully enter the Integrated Oil & Gas Industry there is a requirement for significant capital investment in specialized machinery and equipment, skilled labor, and technology. After undergoing these initial sunk costs, a company will incur substantial costs associated with finding reserves, drilling, and developing these reserves. The industry is dominated by large firms that have established distribution channels, governmental relationships, high levels of industry expertise, and understand geopolitical factors and environmental regulations.…

    • 2906 Words
    • 12 Pages
    Superior Essays
    Read More
  • Decent Essays

    Case Analysis Of Exxon Mobil
    • 768 Words
    • 4 Pages

    Case Analysis Of Exxon Mobil

    ExxonMobil has expanded its horizon across the globe with established large extracting and refining low cost facilities in more than 17 countries like Indonesia, Brazil, Europe and Asian markets. Due to its size and strength the company is able to drive away the smaller companies by producing more volume at a fairly lower cost per unit The volume of oil production are carried out through specialized machines, highly skilled labor which is virtually impossible for small and startup companies to mimic. Specially, the integration between Exxon 's refineries and chemical manufacturing facilities is an advantage that no one can replicate. Approximately 13 of Exxon 's refineries totaling 3.4 mmbbl/d, or 63% of its capacity, are joint refining and chemical…

    • 768 Words
    • 4 Pages
    Decent Essays
    Read More
  • Superior Essays

    Essay On Oil Embargo
    • 1612 Words
    • 7 Pages

    Essay On Oil Embargo

    During the 1970’s, America and many other Western nations endured a severe oil shortage, due to an embargo set by the Middle Eastern nations. These Middle Eastern nations controlled the oil company known as OPEC, which helped supply many Western nations their oil. OPEC, or The Organization of the Petroleum Exporting Countries, was formed by the coming together of all the Arab countries who were infuriated at the fact that Palestinian lands were taken and used to create Israel (OPEC States Declare Oil Embargo). Other events took place before the Arab countries united and created the embargo. Those prior events made it easier for the want of an embargo, and allowed the Middle Eastern countries a chance for revenge against the Western nations.…

    • 1612 Words
    • 7 Pages
    Superior Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings