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Share the Oil Cash! Courting the �Devil�s Excrement�
In the late 1960s, Venezuelan oil Minister Juan Pablo Perez Alfonzo, a co-founder of OPEC, looked at the easy wealth oil was bringing his country and saw ruin, not prosperity, in the future. He prophetically called oil the �devil�s excrement�, referring to the debilitating social decay associated with oil wealth.
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