Anglo-American Petroleum Agreement

  1. Petroleum politics
  2. United Kingdom–United States relations
  3. Proposed treaties
  4. Energy treaties
  5. 1944 in the United Kingdom
  6. 1944 in the United States
  7. Pages with broken file links
  8. Energy stubs


The Anglo-American Petroleum Agreement (August 8, 1944) was a failed attempt by the British and American governments to establish a lasting agreement to manage international petroleum supply and demand. The agreement would have established the International Petroleum Commission for the purposes of balancing discordant supply and demand, managing surplus, and bringing order and stability to a market laden with oversupply, but the agreement faced near total opposition from the petroleum industry, prompting U.S. President Franklin Roosevelt to withdraw and abandon the agreement.[1]

References

  1. ↑ Yergin, Daniel. The Prize. New York: Free P, 2008
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