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The first wave of the Soviet oil offensive: The Anglo-American Alliance and the flow of 'Red Oil' to Finland during the 1950s

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  • Niklas Jensen-Eriksen

Abstract

During the 1950s, many observers regarded the expansion of Soviet oil exports as a serious threat to Western political and economic interests. Finland was the first non-communist European country that started to buy Soviet oil on a large scale. This made the country vulnerable to Soviet political pressure. An examination of the Finnish case indicates that Anglo-American governments adopted a much more complex attitude towards the emergence of the Soviet Union as an exporter of oil than the Cold War rhetoric would suggest. The US and British governments were not automatically willing to support their oil companies or to try to block Soviet oil exports. Instead of seeing Soviet oil exports to Finland simply as a threat to Western interests, the Foreign Office and the State Department considered the precise implications that Finnish purchases of Soviet oil would have on Western strategic interests on a case-by-case basis. Many other government departments were more interested in promoting their own departmental interests.

Suggested Citation

  • Niklas Jensen-Eriksen, 2007. "The first wave of the Soviet oil offensive: The Anglo-American Alliance and the flow of 'Red Oil' to Finland during the 1950s," Business History, Taylor & Francis Journals, vol. 49(3), pages 348-366.
    • Handle: RePEc:taf:bushst:v:49:y:2007:i:3:p:348-366
    DOI: 10.1080/00076790701295011
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    References listed on IDEAS

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    1. Bamberg,J. H., 1994. "The History of the British Petroleum Company," Cambridge Books, Cambridge University Press, number 9780521259507, October.
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