- From: <info@lelpeto.com>
- Date: Fri, 14 Feb 2003 18:21:29 -0600 (CST)
- To: public-uri-cg@w3.org
"Lel Bruce Peto" Recommended oil sector 70's chronology... Oil & Gas Chronology : The 1970’s 1978 Jan Student protests against government of Reza Pahlavi, Shah of Iran, begin, touching off a wave of political unrest and violent clashes between police and demonstrators. Throughout the year increasing anti-Shah activities are led by Muslim fundamentalists seeking to establish a Muslim state. Mar Amoco Cadiz tanker runs aground off the coast of France, spilling 1.6 million barrels of crude oil. (Largest crude spill to date.) June Iran and Saudi Arabia block efforts of OPEC price hawks to fix the price of OPEC oil in a currency more stable than the U.S. dollar. Say world economy cannot support associated price increases. Are accused by hawks of being U.S. agents. Sept Shah puts Iran under military rule. Muslim leader Noori arrested in crackdown of opposition groups. Oct Iranian strikes; departure of foreign technicians. Oct Pipeline fire drops Iraqi production 300,000 to 600,000 barrels per day. Nov Iranian oil production starts dropping. Dec Iranian production hits 1.5 MMB/D in mid-December; 500,000 on December 27, a 27-year low. OPEC production rises 1.6 MMBD over two months due to increased Saudi production. Dec 17 OPEC decides on a 14.5 percent price increase for 1979, to be implemented quarterly.
Received on Friday, 14 February 2003 18:41:43 UTC