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This research indicates the role position of oil in western Industrial societies. It
studies the performances of states and important oil corporations in oil exporting
countries in different times. Before the 1950s, oil policies, especially oil price and the extent of the production depended on the wills of western states and corporations.
By Nations' awareness and growing the national challenges against the status
exploitations, the power and influence of international corporations became more
limited. By using different and more complicated and exact means, western
industrial societies established a better structured than before. It ensured the western
domination and influence on oil policies. On other words, the approaches designed
by western industrial societies founded both the international oil market and the
hegemony of these structures on world oil policies and could provided continuous,
safe, and cheep trend of this strategic commodity.
JEL Classification: Q49, Q19.