Oil: The Biggest Business

Abu Dhabi agreement Algeria American Anglo-Persian Arab Bahrain barrels per day become Britain British British Petroleum cartel cent coal competition concession consuming governments consumption cost crude oil decade demand Deterding discovery drilling early Eastern Hemisphere economic energy ensure Europe exploration exports fields foreign future growth Gulbenkian Gulf Henri Deterding important increase industry's interests international oil companies investment Iran Iranian Iraq Iraq Petroleum Company Japan Kuwait less Libya major companies major oil companies ment Middle East natural gas negotiations North Sea nuclear off-shore oil and gas oil industry oil production oil supplies oil trade oilfields OPEC operations output panies petrol Petroleum pipeline political pollution position posted prices potential problems producing countries profits refineries refining reserves revenues rise Rockefeller Russian Saudi Arabia share Shell sources South Improvement Company Spindletop tankers Tehran tion United Venezuela world's oil