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March 4, 1938...in a land far, far, away.
........70 Years Ago
Saudi Arabia strikes it rich when large quantities of accessible oil are discovered March 4, 1938. More than 1,500 barrels of oil gush that day into the 4,727-foot-deep Dammam No. 7 well, dug by American wildcatters working in the area since 1934. Today, at more than eight million barrels a day, Saudi Arabia is a top world producer of oil; each day the country ships 1.5 million barrels to the U.S., the world's largest consumer.
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"There are more instances of the abridgment of freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations"
James Madison
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