Adam Sevcik

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It had become evident in the mid-1970s that Iran simply could not absorb the vast increase in oil revenues that was flooding into the country. The petrodollars, megalomaniacally misspent on extravagant modernization programs or lost to waste and corruption, were generating economic chaos and social and political tension throughout the nation. The rural populace was pouring from the villages into the already-overcrowded towns and cities; agricultural output was declining, while food imports were going up. Inflation had seized control of the country, breeding all the inevitable discontents. A ...more
The Prize: The Epic Quest for Oil, Money, and Power
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