Seven Sisters redux

10/30/2000
At an Organization of Petroleum Exporting Countries summit meeting outside Algiers in March 1975, the conference host, Algerian Pres. Houari Boumédienne, proclaimed that oil was "not merely a fuel, but the source of life itself."1 That rhetoric, while grandiose, contains more than a grain of truth.Indeed, crude oil and its products can contribute to sustenance of life, a fact the general public often forgets in its zeal to condemn those who produce them. Energy from oil and natural gas represents the most significant tangible bases for the industrial growth of nations, the improvement in countries' standards of living, and the employment of millions of people worldwide. Saudi A...
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