Question about Saudi Arabia / United States relationships

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I'm currently reading a book on Saudi Arabia and I found a reference to the "Pact of the Quincy" signed in 1945 by king Ibn-Seoud and president Roosevelt, has anyone heard of this pact? If so could you elaborate or post a useful link (I haven't had much luck with Google)
Thanks in advance.

 

From the American Enterprise Institute for Public Policy Research:

"In 1945, Franklin Delano Roosevelt flew from Yalta to Suez, where he met King Ibn Saud abroad the U.S. Navy ship Quincy. They struck the deal that would eventually "fuel" the cold war. Saudi Arabian oil flowed to the west, matching the Soviet's reserves. In return, the U.S. promised security to the dynasty. . . But there was always a tension at the heart of the arrangement. On the Quincy, the King was adamant that he could not compromise on his opposition to a future state for the Jews in the Muslim land of Palestine. The U.S. dilemma ever since has been to reconcile its backing of Israel with its protection of Saudi Arabia."
http://www.aei.org/news/newsID.14835/news_detail.asp

From the Saudi Embassy, here is a timeline of key events in Saudi foreign policy, not that it says much on this subject: http://www.saudiembassy.net/publications/magazine-fall-96/forrel.htm

A more text-ful version from the same source:
http://saudiembassy.net/publications/magazine-fall-95/roots.html

[Edit: Oxymore, you're quite welcome. Wait until you see the size of my bill. ]

[ April 11, 2003, 20:33: Message edited by: Sprite ]

 

Thank you a lot, sprite.
On a funny note, the address of the embassy of Saudi Arabia in Belgium is "avenue Roosevelt, 45" weird coincidence ...

 

Would this suggest that there have to be wars faught to ensure the control over oil ?

And does the need of controlling another country and it's ressources not contradict the values of the western world (Free-market, liberty, self-determination and democracy) ?

1850-1914 a really interesting time-period

"Expand trade ...with systems of foreign concessions" and man-of-wars ?

Hasn't this wonderful time been stained by some minor difficulties, like the indian-mutiny, the boer-war, the boxer-rising, the franco-preussian war, the crimean-war and the beginning of the First World War ?
And some other little incidents, for which europeans today are ashamed of ?

Funny, exact in this time period, when I remember correctly, the United Kingdom degenerated from the "workshop of europe" to a medium european power, heavily dependent on foreign money.

Some say, it's because the British Empire needed a big part of the educated British people to rule the Empire and a lot of the gained ressources had to be devoted to conserve the Empire. So, for Business and money-earning, there was not too much left. So british companies had suddenly problems to compete with the rest of the world.

Ah, there also was something good happening in this time period, the USA abolished slavery.