The Biggest Loser
March 31, 1952 — The Buffalo Courier-Express

The Mossadegh Project | December 8, 2014                    

Editorial in The Buffalo Courier-Express (Buffalo, New York) newspaper.

Collapse Faces Oil-Rich Iran
While Neighbors Coin Money

Potentially wealthy Iranís slide toward economic collapse seems to be proceeding apace. With a fortune in oil underground, the government of Premier Mohammed Mossadegh has hardly anything in the till and small prospects of replenishing it under present conditions.

Premier Mossadegh had hopes of a loan from the United States to provide the $120,000,000 it takes to carry the country over a 12-month period. But the American State Departmentís position is that a loan is not justified as long as Iran refuses to reach a settlement for reviving the oil industry which Premier Mossadegh reduced to a trickle when he nationalized it despite Iranís inability to operate it.

Now the premier has dropped his request for an American loan but stubbornly refuses to modify the attitude which has kept the oil industry dormant despite efforts of the World Bank to put it back into production.

Iran obviously is the chief loser in the oil deadlock. Meanwhile such Middle Eastern neighbors as Iraq and Saudi Arabia are rolling in oil revenues.

SAFER AT HOME: U.S. Implores Shah To Stay In Iran (Feb. 1953)
SAFER AT HOME: U.S. Implores Shah To Stay In Iran (Feb. 1953)


Related links:

Fear of Successors Is Latest Mossadegh Excuse | Buffalo Courier-Express, March 27, 1953

Hope in Iran | The Pittsburgh Post-Gazette, August 29, 1952

Cute Oriental Trick | Amsterdam Evening Recorder and Daily Democrat, Jan. 23, 1952

MOSSADEGH t-shirts — ďIf I sit silently, I have sinnedĒ

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