The Clinton deal with the Riadys was with low-sulphur coal not oil. By making a swath of the Grand Eschelante Monument (Utah) federally protected land, which allowed the Riady’s holding of the sweet coal in Indonesia to become the single source of “Sweet coal” in the world. Besides, Utah and Indonesia, the only other known source of this commodity was in Colombia, but it was mostly inaccessible due to the mountainous region. I’m not sure if any of those circumstances have changed in the 30 years since.
Thanks, I'd forgotten the details.