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The U.S. was concerned about one nation controlling a significant portion of the world's oil due to the potential for that nation to wield disproportionate economic and political power, which could disrupt global markets and energy supplies. This monopoly could lead to higher oil prices, threaten U.S. energy security, and undermine the stability of allied nations dependent on oil imports. Additionally, such control could enable the nation to exert influence over geopolitical dynamics, potentially challenging U.S. interests and global stability.
What else can I help you with?
What city was historically thought of as the nation's oil epicenter?
dallas
How did john d rockafeller get his fortune?
John D. Rockefeller amassed his fortune primarily through his company, Standard Oil. He built a monopoly in the oil industry by acquiring and consolidating various oil companies, controlling oil refining and distribution, and leveraging his influence. His business practices and strategies, along with a strong focus on efficiency and cost-cutting, helped him become the wealthiest person in modern history.
What led to the nations oil boom?
too much oil :p
Was the first successful oil well was drilled in Oklahoma?
No, the Pennsylvania oil fields came much earlier.
Why does the US use so much oil?
The US uses a lot of oil because there are millions of cars in this country. There are also millions of motors that are not in cars that also use oil. There are several products that are made with oil as well.
What western industry got its start in the Northwest providing much-needed material for a growing nation Points 1 oil textile mining timber?
Timber was the industry that got its start in the Northwest providing much needed material for a growing nation.
Why was the United States concerned when Iraq invaded Kuwait in 1990?
They wanted to protect their investments in oil.
What is an oil nation on the Persian gulf?
Kuwait is an "oil nation on the Persian Gulf"Kuwait is one.
Indonesia is an oil-producing nation?
Yes. It is the second largest oil-producing nation in Asia; second to China.
What is a representative of OPEC that would be concerned with the price?
Oil
A representative of OPEC would be concerned with the price of?
Oil.
Why was the US concerned when Iraq invaded Kuwait in 1990?
They wanted to protect their investments in oil
Why were western leaders concerned when iraq invaded kuwait?
Kuwait is a huge producer of oil and the U.S. requires a lot of oil. The United States and some other countries did not want Sadaam Hussein to be in charge of so much of the world's oil.
Why might countries be concerned about who controls strait of Hormuz?
OIL
Why might countries be concerned about who controls the strait of Hormuz?
OIL
What percent of the nation's oil business did Standard Oil Company control?
90
What nation has the most oil?
Suadi Arabia
