Incorporating corporations: Anglo-US oil diplomacy and conflict over Venezuela, 1941–1943.

Between 1941 and 1943 British and US policy-makers intervened in the Venezuelan Government's attempts to increase taxation of Venezuela's oil industry. British and US officials utilised their links with multinational oil companies in an attempt to steer negotiations and safeguard their, wartime and post-war, access to Venezuelan oil. Events in Venezuela saw the inception of a US foreign oil policy that reflected New Deal ideals and took inspiration from British oil diplomacy. However, the issue created conflict within the Anglo-US wartime alliance as events became imbued with wider tensions concerning Latin America and the international oil industry. [ABSTRACT FROM PUBLISHER]