Financial Times FT.com

The New Seven Sisters: A new era of nationalism

By Carola Hoyos

Published: June 19 2007 11:13 | Last updated: June 19 2007 11:13

John Paul Getty, one of the world’s first billionaires, once said: “The meek shall inherit the earth, but not its mineral rights.”

Though the quip holds as true today as it did in 1916 when Mr Getty first struck oil in Oklahoma, it is likely the oil man was thinking of his fellow industrialists as the inheritors.

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