This blog is part four of a series that explores the intricate history of oil. 1973-1994: The Middle East Shrugs its Shackles It is important to understand that the oil industry is largely a Western invention and is very much American led. When America began making overtures to King Ibn Saud of Saudi Arabia in […]
This blog is part three of a series that explores the intricate history of oil. 1921-1973 – War, Depression, and the Long Boom Prior to the unraveling of the European and American Pax imposed on the Middle East, the Texas cowboys would have their day. It is not unfair to say that the oil industry matured […]
For a lot of people, the Middle East is known for being one of the world’s largest suppliers of oil. However often we don’t realize that it is also one of the world’s biggest consumers of oil. It’s a well-known fact that energy consumption in most regions worldwide is growing. However according to the Energy […]