ARAMACO AND TAPLINE IN INTERNATIONAL OIL by John W. Shine Submitted in Partial Fulfillment of the Requirements for the Degree of Bachelor of Science at the Massachusetts Institute of Technology (19535) signature of author Vartment of Economics d0,Engineexin-g , certified by_ Charles P. Kindleberger Thesis Supervisor it Room 14-0551 77 Massachusetts Avenue Cambridge, MA 02139 Ph: 617.253.2800 MITibraries Email:
[email protected] Document Services http://libraries.mit.edu/docs DISCLAIMER OF QUALITY Due to the condition of the original material, there are unavoidable flaws in this reproduction. We have made every effort possible to provide you with the best copy available. If you are dissatisfied with this product and find it unusable, please contact Document Services as soon as possible. Thank you. 100 Saint Marys Street Boston 15, Massachusetts May 25, 1953 Professor Joseph S. Newell Secretary of the Faculty Massachusetts Institute of Technology Cambridge 39, Massachusetts Dear Professor Newell: In accordance with the recuirements for graduation, I herewith submit a thesis entitled OAramco and Tapline in International Cil." Sincerely yours, John W. Shine TABLE OF CONTENTS I. Introduction.................. II. Saudi Arabia........................... 4. III. Aramco and Tapline Development.............14. IV. General World Trade Pattern................35. V. Factors Affecting World Trade..............43. A. Ownership and Control of Oil Operations B. Base-Point Pricing System.............44. C. Oil Tankers...........................47. D. The Dollar