The modern petroleum industry originated in America. The development of modern petroleum industry in recent 150 years is a magnificent historical picture. Rockefeller, an American, created a new era of large-scale development of the oil industry by establishing the oil empire-Standard Oil Company. The birth of automobile industry and the outbreak of two world wars established that oil has become an irreplaceable power source to promote modern human civilization. In the first 70 years of the 20th century, the oil "Seven Sisters" achieved long-term strong control over the world oil market. During this period, especially in the 1950s and 1960s, oil resource countries fought tirelessly with big oil companies for the sovereignty of oil resources and the pricing power of oil, which finally led to the birth of the Organization of Petroleum Exporting Countries, an organization representing the interests of major resource countries. Since then, the struggle between resource countries and western oil-consuming countries has triggered two "oil crises", which have dealt a huge blow to the economies of western countries and brought about new adjustments in the world oil order. 2 1 century, the strategic value of oil has become increasingly prominent, and the issue of oil security has attracted worldwide attention. The international political and diplomatic competition around oil resources is more intense, and the development of the world oil industry is facing new opportunities and challenges.