Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
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I say get rid of the royalty system. Let the federal government hire companies to extract OUR oil, and then it goes directly into the possession of the federal government, NOT sold on open market for the profit of big oil.
Well.....you know how well that works.....
"A reformer with years of public service, Mossadeq was European-educated and pro-American. (He led a post-war fight to deny the Soviet Union oil concessions in northern Iran.) Mossadeq considered foreign control of his countrys oil riches as a barrier to democracy and independence. His government nationalized the Anglo-Iranian Oil Co., to the joy of the Iranian people and horror of corporate executives and policy-makers in Britain and the U.S.
Britain took its grievance to the UN, but got no satisfaction. So Britain imposed an embargo on Iranian oil and other economic sanctions.
The Central Intelligence Agency received authorization to jointly organize a coup with British secret service to destroy the democracy movement and restore the power of the Shah."