Historical Events tagged with "oil"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Allied Asset Freeze on Japan Begins
In response to the Japanese occupation of French Indochina, the United States, Britain, and the Netherlands implemented a significant economic measure by freezing all Japanese assets. This decision included cutting off vital oil shipments to Japan, indicating a direct pushback against Japanese expansionism in Southeast Asia and the broader context of World War II. The action occurred at a time of heightened tensions in the Pacific, as Japan sought to secure resources for its military operations.
Continue ReadingUK Intervenes in Iraq to Restore Crown Prince
Following a coup against Crown Prince Abd al-Ilah in Iraq, the United Kingdom initiated military action to restore him to power. The coup threatened British interests in the Middle East, particularly regarding oil reserves and strategic routes. British forces landed in Iraq, engaging with nationalist factions resisting foreign intervention in their politics. The Anglo-Iraqi War thus commenced, signaling a renewed British commitment to control in the region amidst rising Axis influence.
Continue ReadingCreation of Pemex through Oil Expropriation
Mexico nationalized foreign oil properties on March 18, 1938, aiming to assert control over its resources. President Lázaro Cárdenas implemented this decision to secure economic independence and provide for the local economy, leading to the establishment of Petróleos Mexicanos (Pemex). This act was driven by decades of foreign exploitation in the oil sector, which prompted a demand for national sovereignty.
Continue ReadingOil Discovery Transforms Saudi Arabia's Economy
In 1938, the first significant oil reserves were discovered in Saudi Arabia near the town of Dhahran. Geologists from the California Arabian Standard Oil Company (CASOC) were conducting exploratory drilling and struck oil at the Dammam No. 7 well. This discovery marked the beginning of Saudi Arabia's transformation into a major player in the global oil market. The find led to increased foreign investment and set in motion a series of developments that would make the nation one of the world's leading oil producers.
Continue ReadingOil Legislation Triggers Cristero War Outbreak
The enactment of new oil legislation in Mexico spurred significant unrest among various factions, primarily within the Catholic community. This backlash was directly linked to the broader anti-Catholic sentiment fostered by the Mexican government. The situation escalated as rural populations began to organize into armed resistance groups, marking the formal outbreak of the Cristero War, a conflict that would see fighting primarily focused in the western regions of Mexico, particularly Jalisco and surrounding areas.
Continue ReadingKendrick Introduces Resolution on Land Deal
U.S. Senator John B. Kendrick of Wyoming introduced a resolution demanding an investigation into a secret land deal involving the Teapot Dome oil reserves. This significant act of Congress drew attention to the dealings made by the Harding administration regarding the leasing of federal oil reserves to private parties without competitive bidding. As the Senate delved deeper, it uncovered widespread corruption and misconduct, leading to one of the most infamous scandals in American political history.
Continue ReadingTeapot Dome Scandal Unfolds
United States Secretary of the Interior Albert B. Fall controversially leases Navy oil reserves at Teapot Dome, Wyoming, to private oil companies, notably Sinclair Oil, for terms favored by the companies. This deal, made in secrecy, raises questions about corruption and the influence of business on government. Investigative efforts reveal a pattern of favoritism and unethical practices surrounding federal land leases.
Continue ReadingDiscovery of Spindletop Oil Gusher
A massive oil gusher was struck at Spindletop in Beaumont, Texas, leading to a newfound oil boom in the region. This discovery, led by Pattillo Higgins and his team, resulted in the eruption of oil 100 feet into the air, marking the beginning of the oil industry in Texas. The gusher's output dramatically exceeded expectations, leading to a rush of prospectors and investors attracted by the prospect of wealth. The event fundamentally transformed the regional economy and contributed to the establishment of the United States as a major oil producer.
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