EPISODE · Apr 6, 2026 · 21 MIN
22 How Fifty-Fifty Profits Redrew Global Oil
from Crude Ambition: This is the story of power · host By Seven Media
A Saudi king discovers his American oil tenants are paying more to the IRS than to his own treasury. A Texas welder fixes a palace toilet and accidentally wins a multi-million dollar oil concession. And the stingiest billionaire alive washes his own underwear by hand, then gambles $9.5 million on a patch of empty desert that makes him the richest man on earth. Episode 22 of Crude Ambition traces how a single idea - split the profits 50-50 - and one devastating tax loophole redrew the entire map of global power.
What this episode covers
A Saudi king discovers his American oil tenants are paying more to the IRS than to his own treasury. A Texas welder fixes a palace toilet and accidentally wins a multi-million dollar oil concession. And the stingiest billionaire alive washes his own underwear by hand, then gambles $9.5 million on a patch of empty desert that makes him the richest man on earth. Episode 22 of Crude Ambition traces how a single idea - split the profits 50-50 - and one devastating tax loophole redrew the entire map of global power.
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22 How Fifty-Fifty Profits Redrew Global Oil
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