The Economist (US), January 12th, 1991
ADDRESSING Theodore Roosevelt in the 1930s, Harold Ickes, then secretary of the interior, wrote: "We have passed from the stone age, to bronze, to iron, to the industrial age, and now to an age of oil. With. out oil, American civilisation as we know it could not exist." The world's first oil well had been bored in Titusville, Pennsylvania, only 70 years before; it produced 50 barrels a day. By 1990 oil politics was weighty enough to bring a president-and the world-to the brink of war. The extraordinary rapidity with which a viscous, black, smelly liquid became the world's biggest business, t...
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