A CHANGE OF CIRCUMSTANCE?

The discovery of oil in North Yemen will give rise to some fast and furious thinking in many quarters, if the discovery proves to be the forerunner of substantial oil resources in the country. As the saying goes in Opec's headquarters in Vienna, 7,000 barrels of oil do not an Opec member make, but there is not an oil producing country in the world that does not know how quickly and how vastly a viable oil industry can transform the political and economic circumstances of any state.