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The new Seven Sisters

The Geopolitics of Energy: Speech given at the IP Week, 2007

By Carola Hoyos, Chief Energy Correspondent

Published: February 19 2007 14:55 | Last updated: February 19 2007 14:55

Introduction:

John Paul Getty once said: “The meek shall inherit the earth, but not its mineral rights.” If ever that were true it surely is today. The national oil companies that have inherited the world’s oil and gas resources are far from pushovers, while the international oil companies who have ventured into ever more treacherous territory to claim their thinning slice of the inheritance have adventurous souls deeply hidden beneath the thick layers of their corporate wrapping.

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