URRENT CHALLENGES IN THE GLOBALOIL INDUSTRY
For over a century and a half, oil has brought out both the best and
worst of our civilisation. It hasbeen both boon and burden. Energy is
the basis of our industrial society. And of all energy sources – oil has
loomed the largest and the most problematic because of its central role,
its strategic character, its geographic distribution, the recurrent pattern
of crisis in its supply – and the inevitable and irresistible temptation to
grasp for its rewards. Its history has been a panorama of triumphs and
a litany of tragic and costly mistakes. It has been a theatre for the noble
and the base in the human character