The Forgotten Oil Region Powering Conflict

Europe's oil supply was dominated by Rockefeller's Standard Oil in the 1870s, before the Nobel brothers found crude in the Caspian Sea.

Russia blocked access to Caspian oil after the Bolshevik revolution, and the region stayed shut until the Soviet Union fell in 1991.

The region's oil volume is still undetermined, with a 1998 US State Department document putting it above Saudi Arabia's.

The speaker argues the region is overlooked by investors because it has been landlocked for so long.