TIME Magazine content is available exclusively for TIME subscribers.

Current subscribers for full access. Not a TIME subscriber? .

FAISAL AND OIL Driving Toward a New World Order

In every car and tractor, in every tank and plane—oil. Behind almost every lighted glass tower, giant industrial plant or little workshop, computer and moon rocket and television signal—oil. Behind fertilizers, drugs, chemicals, synthetic textiles and thousands of other products—the same substance that until recently was taken for granted as a seemingly inexhaustible and obedient treasure. Few noted the considerable historic irony that the world's most advanced civilizations depended for this treasure on countries generally considered weak, compliant and disunited. Now all that has changed, and the result has been a major economic and political dislocation throughout the world.

The...

Time.com on Digg

POWERED BY digg

Quotes of the Day »

JEAN DUJARDIN, star of The Artist, describing the film's popularity, especially the role played by Uggie, a Jack Russell Terrier, upon winning Best Actor at the BAFTAs in London Sunday. The movie won seven in total, equally The King's Speech haul last year
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.