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There was brief period in the 1970’s when some countries thought of using oil as a weapon to counter the growing support that United States had extended to Israel. This threat was

never allowed to become a reality by the use of tremendous influence United States has at its disposal. To use a proverb, it is America that rules the roost and calls the shots...

To use a proverb, it is America that rules the roost and calls the shots.

The European colonial powers used their position of economic (and military) domination to obtain the most favorable terms for themselves. India under the British rule had to import the commonest of all commodities, the eating salt, from Liverpool! To keep the home industry running it was made a crime to mine salt in India...

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