EPISODE · Apr 6, 2026 · 20 MIN
28 How a Libyan revolver broke Big Oil
from Crude Ambition: This is the story of power · host By Seven Media
The Shah throws a $200 million party at the ruins of Persepolis, and it's not just a celebration. It's a declaration. This is the episode where Britain abandons the Persian Gulf, America's surplus oil vanishes for good, and the balance of power tilts decisively from the companies to the countries sitting on top of the reserves. Episode 28 of Crude Ambition covers the hinge years when the old petroleum order started to crack.
What this episode covers
The Shah throws a $200 million party at the ruins of Persepolis, and it's not just a celebration. It's a declaration. This is the episode where Britain abandons the Persian Gulf, America's surplus oil vanishes for good, and the balance of power tilts decisively from the companies to the countries sitting on top of the reserves. Episode 28 of Crude Ambition covers the hinge years when the old petroleum order started to crack.
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28 How a Libyan revolver broke Big Oil
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