Ahmed Zaki Yamani, oil minister of Saudi Arabia until 1986, died in London last week. In memory of the “oil sheik,” I reproduce here a comment that appeared on the ASPO-Italia blog in 2006. The interview of Yamani by Oriana Fallaci in 1976 is a good example of how the oil problem is misunderstood in the West and of the many lies told about it. Yamani, despite all the accusations and insults he received, was always a moderate who sought compromise. He managed to prevent his country, Saudi Arabia, from the disasters that befell all oil-producing countries in the Middle East.
Unfortunately, Yamani’s legacy has been somewhat lost over the years, but it is only now that Saudi Arabia is seeing bombs falling on its territory — a destiny that so far the country had avoided. Now, things are going to become very difficult as Saudi Arabia faces the unavoidable decline of its once abundant oil resources.
Yamani is remembered, among other things, for having said that “The Stone Age did not end because the world ran out of stone, and the Oil Age will end long before the world runs out of oil.” And, with that, he demonstrated that he had perfectly understood the concept of “EROEI” and the consequences of gradual depletion.
(Fallaci’s interview is available in full at this link.)
Fallaci interviews Yamani: thirty years later
Di Ugo Bardi – September 2006 (slightly edited for publication on “The Seneca Effect“)
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