George Trefgarne

Even oilmen are human

Until the credit crunch sent bankers to the naughty step of capitalism, the spot was occupied by oilmen.

issue 31 October 2009

Until the credit crunch sent bankers to the naughty step of capitalism, the spot was occupied by oilmen. The consequence is that an exciting tale of human endeavour — how the abundant resources of the earth have been harnessed to power an era of unimagined prosperity — is often obscured by hostile forces and, it has to be said, spectacular blunders by oilmen themselves.

However, it is, if you think about it, remarkable that in the 150 years since it all began when one Colonel Drake first struck oil in Pennsylvania, a global market — designed by no one individual or authority — has grown up which keeps the energy flowing even through wars and natural disasters. It ensures that billions of people can travel widely; that we are rarely too cold or too hot; and we have light even when it is dark outside. Our ancestors would surely marvel at such technological progress.

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