I read Internal Combustion first about how the battery-powered Ford-Edison car around 1900 was prevented by a cartel from being mass produced in favor of a gasoline powered automobile. This book tells how the cartel was assured that enough oil would be available to make the engine-driven auto viable for mass production. I suggest that you read Internal Combusion after this book as the stories are linked.
During and after WWI, British Petroleum and French Total plotted to steal the German oil rights to the Middle East as war booty. Part of the plan was to encourage revolts by Arabs and Jews against Turkey who held the land. The 1919 peace treaty divided the Middle East into its present countries with Britain and France owning them as colonies. The British put several members of one Saudi family on various thrones as kings. British Petroleum knew of 3 pools of oil close together and thus drew the boundaries of Iraq. When the locals revolted, the British decided to bring in 20 million Indians to create a "democracy" with the locals becoming minorities in their own land. Winston Churchill proposed bombing with gas. The plans were not executed but the oil has flowed ever since. July 24, 1920 was the beginning of Jihad against the West and it is still going on. The borders of the Middle Eastern countries drawn on a map have resulted in constant civil war and strife for the region with the US, Britain, and France holding the military trump card.
The US was initially opposed to the British and French actions but the 5 major US oil companies thought the California and Texas oil fields would only last another 40 years so they wanted part of the action. There are many intertwining stories about how we got to the situation today. Conspiracy theories are fascinating but they usually end with a hole where facts are missing. The facts aren't missing here. You'll be shaking your head in wonder and anger at how corporations can manipulate politics, economies, and history itself (for instance-why haven't you heard about this story?).