How many people know BP is responsible for overthrowing democracy in Iran in 1953?

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I actually don't think this Oil Spill is BP's worst mistake. Their worst mistake was convincing the British and American governments to overthrow democracy in Iran (which Obama admitted). Setting off a long chain of reactions that destabilized the Middle East, dealt a crushing blow to developing democracy in the region, created hatred and distrust of America, took away Israel's only ally in the region, helped encourage the modern radical Islamic terrorist groups such as al-Qaida, helped lead to the rise of Saddam Hussein in Iraq, and of course directly led to the Islamic Revolution of Iran in 1979.


1953 Coup in Iran http://en.wikipedia.org/wiki/Operation_ajax


The crushing of Iran's democratically elected government launched 25 years of dictatorship under Mohammad-Reza Shah Pahlavi, who relied heavily on U.S.-trained secret police SAVAK[2] and U.S.-supplied weapons to hold on to power until he was overthrown in February 1979.[3] "For many Iranians, the coup demonstrated duplicity by the United States, which presented itself as a defender of freedom but did nrabroad
hesitate to use underhanded methods to overthrow a democratically elected government to suit its own economic and strategic interests", the Agence France-Presse reported.[4]

In 1951 with near unanimous support of Iran's parliament, Mosaddegh nationalized the British-owned Anglo-Iranian Oil Company (AIOC). "The 1933 agreement under which it was operating was widely regarded as exploitative and an infringement on Iran's sovereignty.[5][6] Iran's oil was the British government's single largest overseas investment.[7] Moreover, the AIOC had consistently violated the terms of the 1933 agreement and was reluctant to renegrabroad
iate, even as Iran's movement for nationalization grew in the late 1940s.[8] Even though AIOC was highly profitable, "its Iranian workers were poorly paid and lived in squalid conditions." The AIOC, which was 51 percent owned by the British government, bankrolled disruptive tribal elements in Iran, some politicians and clergy with the purpose of bringing down the government. Iranians blamed Britain for most of its problems and public support for nationalization was strong.[9] Despite Mosaddegh's popular support, Britain was unwilling to negrabroad
iate its single most valuable foreign asset, and instigated a military blockade of Iran and worldwide boycrabroad
t of Iranian oil to pressure Iran economically.[10] Initially, Britain mobilized its military to seize control of the Abadan oil refinery, the world's largest, but Prime Minister Attlee opted instead to tighten the economic boycrabroad
t.[11] With a change to more conservative governments in brabroad
h Britain and the United States, Churchill and Dwight D. Eisenhower decided to overthrow Iran's government.[12]

The U.S. spy agency tried to persuade Shah Mohammad Reza Pahlavi to dismiss Mosaddegh, and at first he refused. The Central Intelligence Agency pressured the weak monarch while bribing street thugs, clergy, politicians and Iranian army officers to take part in a propaganda campaign against Mosaddegh and his government.[13] At first, the coup appeared to fail when, on the night of August 15
 
You clearly know nrabroad
hing of Rockefeller.

His firm that would later become Standard Oil "prospered quickly in the intensely competitive industry due to the economic excellence of its entire operations. Instead of buying oil from jobbers, they made the jobbers' profit by sending their own purchasing men into the oil region. They also made their own sulfuric acid, barrels, lumber, wagons, and glue. They kept minute and accurate records of every item from rivets to barrel bungs. They built elaborate storage facilities near their refineries. Rockefeller bargained as shrewdly for crude as anyone has before or since; and Sam Andrews coaxed more kerosene from a barrel of crude than the competition could. In addition, the Rockefeller firm put out the cleanest burning kerosene and managed to profitably dispose of most of the residues, in the form of lubricating oil, paraffin wax, and Vaseline." [Dominick Armentano, Antitrust and Monopoly: Anatomy of a Policy Failure]

"Rockefeller also made the oil-refining industry much more efficient. There had been vast overinvestment in the oil industry in its first decades, as everyone had wanted to get rich quick in the business. Northwestern Pennsylvania, where the first oil well had been drilled, was littered with oil derricks and refineries of all sizes, many of which were operated by men who really should have been in anrabroad
her line of work.

Rockefeller purchased many of these poorly managed operations and put their assets to far better use. There was never any threat that these "horizontal mergers"
 
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