Life After Oil

Life After Oil

05 Feb 26
Posted by: Cdr J R C Foster RN (rtd)
27 minutes, 52 seconds read
Message from the Editor

Written in 1991, the author explored the stark implications of peak oil in the aftermath of the First Gulf War. A 30 minute read.

On September 5th 1986, Sheik Ahmed Zaki Yamani, the Saudi Arabian Minister of Petroleum, was invited to Harvard to give a memorial lecture as part of the University’s 350th anniversary celebrations. He was asked a question, “Can you describe the process by which oil policy is made in Saudi Arabia?” His frank reply was, “We play it by ear.”[1] In the passage of one hundred years oil has become the world’s biggest business. The daily production value of oil worldwide exceeds $1,200 m (April ‘91 prices).[2] The annual figure equals the entire gross domestic product of Britain. Oil is also a commo…

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