A Century Ago, Petroleum - What We

Saudi Arabia Is A Puritanical State That Claims A Monopoly Of Wisdom And Virtue.

The Truth Is, Of Course, That History Is Not Completed In Modern Commerce Any More Than Philosophy Is Perfected In Political Economy. In Other Words, There Is Nothing Timeless Or God-given About Filling Stations And Penicillin And Plastic Bags.

Any New Financial Order For The World Must Tackle The Three Chief Challenges Of Our Age.

A Century Ago, Petroleum - What We Call Oil - Was Just An Obscure Commodity; Today It Is Almost As Vital To Human Existence As Water.

Soaring Prices For Crude Oil, Falling Production Surpluses, Wild Speculation In Commodities, A Rush Into The Precious Metals, Turmoil In The Middle East, Assertive Oil Producers: It Is 1973-74 All Over Again, And At Dictation Speed.