Oil of the Middle East

April 23, 1947

Report Outline
Truman Doctrine and the Question of Oil
Struggle for Oil Reserves of Middle East
American Petroleum Policy in Middle East
Special Focus

Truman Doctrine and the Question of Oil

Greek Aid Program and Security of Oil Reserves

President Truman's program to extend American assistance to Greece and Turkey has stimulated discussion of the interest of the United States in the vast petroleum resources of the Middle East. Critics of the President's proposals were quick to detect “the smell of oil” and to charge that the program was intended primarily to protect rich oil concessions held by American and British corporations and only secondarily to help free peoples resist Soviet pressure.

Some of the supporters of the Greek-Turkish program readily conceded that it would enhance the security of Middle East oil reserves. But they cited that fact as an additional reason for approving the program. In the House of Representatives, Mar. 26, Rep. Merrow (R., N. H.) asserted that failure to aid Greece and Turkey would result in Soviet control of the Mediterranean and the Middle East, and that Soviet control would imperil American oil interests in that region. He added that “In the event of future trouble the almost illimitable supply of oil in Arabia will be of paramount importance to our national defense.” On Apr. 1 Rep. Holifield (D., Calif.) observed that “The subject of oil …cannot be divorced from our consideration of the Greek-Turkish aid bill and we should openly acknowledge its involvement.”

Sen. O'Mahoney (D., Wyo.), chairman in the last Congress of a Special Committee Investigating Petroleum Resources, said on Mar. 17:

ISSUE TRACKER for Related Reports
Oil and Gasoline Prices
Jun. 22, 2012  U.S. Oil Dependence
Nov. 01, 2011  Future of the Gulf States
Jan. 04, 2008  Oil Jitters Updated
Jul. 2007  Energy Nationalism
Sep. 30, 2005  Domestic Energy Development
Jan. 24, 2003  Oil Diplomacy
Aug. 07, 1998  Oil Production in the 21st Century
Aug. 23, 1991  Oil Imports
Oct. 30, 1987  Persian Gulf Oil
Apr. 04, 1986  Oil Prices
Dec. 23, 1983  Quest for Energy Independence
Sep. 23, 1983  OPEC: 10 Years After the Arab Oil Boycott
May 29, 1981  Western Oil Boom
Aug. 25, 1978  Oil Imports
Feb. 10, 1978  Oil Antitrust Action
Dec. 17, 1976  Alaskan Development
May 17, 1974  Arab Oil Money
Mar. 15, 1974  Oil Taxation
Jul. 18, 1973  Offshore Oil Search
Mar. 28, 1973  Persian Gulf Oil
Nov. 01, 1972  Gasoline Prices
Oct. 14, 1970  Fuel Shortages
Nov. 12, 1969  Alaskan Oil Boom
Dec. 11, 1968  Oil Shale Development
Oct. 26, 1960  World Oil Glut
Sep. 10, 1958  Middle East Oil
Oct. 30, 1951  Oil Nationalization
Aug. 11, 1950  Oil Imports
Apr. 23, 1947  Oil of the Middle East
Jan. 22, 1946  Offshore Oil
Mar. 09, 1944  Oil Supply
Dec. 24, 1935  Oil in World Politics
May 07, 1931  Control of Production in the Oil Industry
Mar. 27, 1929  The Oil Leasing Policy of the New Administration
Jun. 08, 1927  Oil Conservation and Stabilization
Feb. 08, 1926  The Mexican Land and Petroleum Laws
Apr. 18, 1925  The Price of Gasoline
Feb. 11, 1924  Background of the Oil Lease Cases
Sep. 01, 1923  Gasoline
International Energy Trade and Cooperation
Oil and Natural Gas
Regional Political Affairs: Middle East and South Asia