From the moment we first drilled for oil, we opened a Pandora's box that changed the world forever. It transformed the way we lived our lives, spawned foreign wars and turned a simple natural resource into the most powerful political weapon the world has ever known. But when exactly did geology turn into such a high-stakes game?
1/3 • Economics
By the early 1950s, a holy trinity of oil, plastics and fertilisers had transformed the planet. But as Professor Iain Stewart reveals, when the oil producing countries demanded a greater share in profits from the Western energy companies, the oil and gas fields of the Middle East became a focus for coup d'états and military conflict.
2/3 • Economics