Detailed text transcripts for TV channel - CNN - 20190322:03:40:00
Had been brought in after three long, discouraging years. >> by the early 1940s, it was clear. saudi arabia was an oil bonanza. >> about 1,000 americans and 5,000 saudi arabs were employed -- >> the u.s. and the saudis formed a company to share the profits. the arab american oil company, aramco. at the same time, america was having big oil problems at home. world war ii had severely depleted domestic supplies. >> a fresh warning that our known oil reserves will be exhausted in 10 years -- >> so it was probably no accident that in 1945, president franklin roosevelt invited king saud to a meetin...