An oil tanker at a port in the Middle East. An oil tanker at a Red Sea port. Officers at the port. Crew members pull hoses. Oil tanker takes oil at the port. A man climbs up a ladder. Hoses laid at the port. A military officer is greeted by nuns.
Host Frank Knight speaks in a television program Longines Chronoscope. Max W Thornburg, Petroleum Adviser, Department of State, interviewed by Henry Hazlitt and William Bradford Huie. Thornburg talks about his experience in the Middle East oil industry and credentials as Petroleum Adviser, causes of the oil nationalization crisis in Iran and British interference in Iranian politics. Further he speaks about failure of effective Anglo-Iranian oil policy, and lack of U.S. corporate initiatives in developing realistic oil agreements in the Middle East.