12088. OIL AND ISLAM. This term paper traces the convergence between oil and the Islamic religion in the Middle East. Considers the Islamic world's view of its own oil wealth; outlines the rise of OPEC; profiles the relationship between oil, economic development, and sovereignty in the Islamic nations; and analyzes the link between fundamentalist movements and aggressive pricing policies. The concluding section outlines possible future scenarios for oil-producing Islamic countries and their relations with oil-consuming developed nations. 12 pages, 21 footnotes, 6 bibliographic sources.