{"id":56969,"date":"2021-03-03T13:32:02","date_gmt":"2021-03-03T18:32:02","guid":{"rendered":"https:\/\/olduvai.ca\/?p=56969"},"modified":"2021-03-03T21:11:01","modified_gmt":"2021-03-04T02:11:01","slug":"the-death-of-ahmed-zaki-yamani-the-oil-sheik-who-understood-everything","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=56969","title":{"rendered":"The Death of Ahmed Zaki Yamani, the &#8220;Oil Sheik&#8221; who Understood Everything"},"content":{"rendered":"<h3 class=\"post-title entry-title\"><a href=\"https:\/\/thesenecaeffect.blogspot.com\/2021\/03\/the-death-of-zaki-yamani-oil-sheik.html\">The Death of Ahmed Zaki Yamani, the &#8220;Oil Sheik&#8221; who Understood Everything<\/a><\/h3>\n<div id=\"post-body-7512447575326460735\" class=\"post-body entry-content\">\n<div id=\"post-body-625369549629257604\" class=\"post-body entry-content\">\n<div class=\"separator\"><i><a href=\"https:\/\/1.bp.blogspot.com\/-V6kenymlRgQ\/YDz3KbvmK2I\/AAAAAAAAvvs\/H7NqOYq1K2E5uxcRdHQRkMq-_0BIoifXACLcBGAsYHQ\/s2048\/Young%2BYamani.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/1.bp.blogspot.com\/-V6kenymlRgQ\/YDz3KbvmK2I\/AAAAAAAAvvs\/H7NqOYq1K2E5uxcRdHQRkMq-_0BIoifXACLcBGAsYHQ\/w519-h292\/Young%2BYamani.jpg\" width=\"519\" height=\"292\" border=\"0\" data-original-height=\"1152\" data-original-width=\"2048\" \/><\/a><\/i><\/div>\n<p><i><br \/>\n<\/i>Ahmed Zaki Yamani, oil minister of Saudi Arabia until 1986, died in London last week.\u00a0In memory of the &#8220;oil sheik,&#8221; I reproduce here a comment that appeared on the\u00a0<a href=\"http:\/\/aspoitalia.blogspot.com\/2006\/11\/fallaci-intervista-yamani.html\" target=\"_blank\" rel=\"noopener\">ASPO-Italia blog<\/a>\u00a0in 2006.\u00a0<a href=\"https:\/\/www.nytimes.com\/1975\/09\/14\/archives\/a-sheik-who-hates-to-gamble-saudi-oil-minister-yamani-talks-about.html\" target=\"_blank\" rel=\"noopener\">The interview<\/a>\u00a0of 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.\u00a0He managed to prevent his country, Saudi Arabia, from the disasters that befell all oil-producing countries in the Middle East.<\/p>\n<p>Unfortunately, Yamani&#8217;s legacy has been somewhat lost over the years, but it is only now that Saudi Arabia is seeing\u00a0<a href=\"https:\/\/www.france24.com\/en\/middle-east\/20210210-yemen-s-houthi-rebels-launch-attack-on-civilian-plane-in-saudi-arabia\" target=\"_blank\" rel=\"noopener\">bombs falling on its territory\u00a0<\/a>&#8212; a destiny that so far the country had avoided.\u00a0Now, things are going to become very difficult as Saudi Arabia faces the unavoidable decline of its once abundant oil resources.<\/p>\n<p><span data-offset-key=\"drmpd-0-0\">Yamani is remembered, among other things, for having said that \u201c<i>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<\/i>.\u201d And, with that, he demonstrated that he had perfectly understood the concept of &#8220;EROEI&#8221; and the consequences of gradual depletion.\u00a0<\/span><i><\/i><\/p>\n<p><a href=\"http:\/\/aspoitalia.blogspot.com\/2006\/11\/fallaci-intervista-yamani.html\" target=\"_blank\" rel=\"noopener\">http:\/\/aspoitalia.blogspot.com\/2006\/11\/fallaci-intervista-yamani.html\u00a0<\/a><\/p>\n<p>(Fallaci&#8217;s interview is available in full\u00a0<a href=\"https:\/\/www.nytimes.com\/1975\/09\/14\/archives\/a-sheik-who-hates-to-gamble-saudi-oil-minister-yamani-talks-about.html\" target=\"_blank\" rel=\"noopener\">at this link<\/a>.)<\/p>\n<p>Fallaci interviews Yamani: thirty years later<br \/>\nDi Ugo Bardi &#8211; September 2006 (slightly edited for publication on &#8220;<a href=\"http:\/\/www.thesenecaeffect.blogspot.com\/\" target=\"_blank\" rel=\"noopener\">The Seneca Effect<\/a>&#8220;)<br \/>\n<a href=\"https:\/\/1.bp.blogspot.com\/-cy103Gg0mF4\/YD_DT67ihBI\/AAAAAAAAvzI\/tDWmagEkqswIQ_7VZvZbUpziLfNP8aj-gCLcBGAsYHQ\/s375\/Oriana%2BFallaci.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/1.bp.blogspot.com\/-cy103Gg0mF4\/YD_DT67ihBI\/AAAAAAAAvzI\/tDWmagEkqswIQ_7VZvZbUpziLfNP8aj-gCLcBGAsYHQ\/w131-h96\/Oriana%2BFallaci.png\" width=\"131\" height=\"96\" border=\"0\" data-original-height=\"275\" data-original-width=\"375\" \/><\/a><\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Death of Ahmed Zaki Yamani, the &#8220;Oil Sheik&#8221; who Understood Everything Ahmed Zaki Yamani, oil minister of Saudi Arabia until 1986, died in London last week.\u00a0In memory of the &#8220;oil sheik,&#8221; I reproduce here a comment that appeared on the\u00a0ASPO-Italia blog\u00a0in 2006.\u00a0The interview\u00a0of Yamani by Oriana Fallaci in 1976 is a good example of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[30995,588,595,30996,701,12118,2692],"class_list":["post-56969","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-ahmed-zaki-yamani","tag-oil","tag-oil-production","tag-oriana-fallaci","tag-saudi-arabia","tag-seneca-effect","tag-ugo-bardi"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56969"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56969\/revisions"}],"predecessor-version":[{"id":56970,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/56969\/revisions\/56970"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}