Monday, November 10, 2008

Oil Crises

1973 Oil Embargo - Caused by Yom Kipper War.
1976 - Shah of Iran loses power.
1979 - Iran Hostage Crises
1992- Gulf War I
2000's - Caused by growth in China and India not being matched by growth of oil supply. May have been some future trading.

And historically when the price of oil has gone down, research into alternate energy sources has also gone down.

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