polite_gandalf wrote on Feb 6
th, 2016 at 9:38am:
Soren wrote on Feb 6
th, 2016 at 8:48am:
polite_gandalf wrote on Feb 6
th, 2016 at 8:35am:
You didn't answer the question S - was 50% of the profits a fair proposal? Should the British have sat down for negotiations with a willing partner instead of plotting a violent overthrow?
Compared to what? Over what period? In return for what?
I don't know S - I'm just relaying the scant details I found in the wiki article I quoted.
The point is though, we had an offer of compensation didn't we? The offer that you were so red in the face over because you claimed never existed. Were the British wrong to not even want to discuss this?
Given this new line of questioning, are you now open to the possibility that there
was a reasonable compensation offered by the Iranians that could and should have forestalled the British overthrow? Do you now concede that its possible the British were belligerent and unreasonable - like Uncle seemed to think?
Tell me S, what
would have constituted reasonable action by the Iranians to take control of their rightful sovereign wealth - that would have rendered a British plot to overthrow the government nothing more than naked, unjust aggression?
If it was their rightful sovereign wealth why did they need to make a deal with the British to develop it? Why didn't they develop it themselves? They sign a deal for 60 years for the development of their oil industry and then wanted to reneg on the deal. After the British did invested in the development. Typical bazaar mentality.
"In 1901 William Knox D'Arcy, a millionaire London socialite, negotiated an oil concession with Mozaffar al-Din Shah Qajar of Persia. He financed this with capital he had made from his shares in the highly profitable Mount Morgan mine in Queensland, Australia. D'Arcy assumed exclusive rights to prospect for oil for 60 years in a vast tract of territory including most of Iran. In exchange the Shah received £20,000 (£1.9 million today[1]), an equal amount in shares of D'Arcy's company, and a promise of 16% of future profits.[2][3]
D'Arcy hired geologist George Bernard Reynolds to do the prospecting in the Iranian desert. Conditions were extremely harsh: "small pox raged, bandits and warlords ruled, water was all but unavailable, and temperatures often soared past 50°C".[4] After several years of prospecting, D'Arcy's fortune dwindled away and he was forced to sell most of his rights to a Glasgow-based syndicate, the Burmah Oil Company.
By 1908 having sunk more than £500,000 into their Persian venture and found no oil, D'Arcy and Burmah decided to abandon exploration in Iran. In early May 1908 they sent Reynolds a telegram telling him that they had run out of money and ordering him to "cease work, dismiss the staff, dismantle anything worth the cost of transporting to the coast for re-shipment, and come home." Reynolds delayed following these orders and in a stroke of luck, struck oil shortly after on May 26, 1908."
https://en.wikipedia.org/wiki/Anglo-Persian_Oil_Company
Why didn't the Iranians prospect for oil if they were so jealous of their sovereign national wealth??