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oil price increase

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  • Oil price increase of 1990 — The 1990 (or third) energy crisis was milder and more brief than the two previous oil crises (1973 and 1979). It lasted only six months and occurred as a result of the first Gulf War. As Saddam Hussein retreated, the oil fields of Kuwait were set …   Wikipedia

  • 1990 oil price shock — The 1990 oil price spike occurred in response to the Iraqi invasion of Kuwait on August 2, 1990.[1] Lasting only 9 months, the price shock was less extreme and of shorter duration than the previous oil crises of 1973 and 1979 1980, yet the rise… …   Wikipedia

  • oil — Ⅰ. oil UK US /ɔɪl/ noun [U] ► NATURAL RESOURCES a thick liquid that comes from under the Earth s surface and is used as a fuel and for making plastics, etc.: »More than 6,000 rigs were drilling for oil and gas. »The oil price increase is a… …   Financial and business terms

  • Price of petroleum — This article is about the price of crude oil. For information about derivative motor fuels, see gasoline and diesel usage and pricing. For detailed history of price movements since 2003, see 2003 to 2011 world oil market chronology. Brent barrel… …   Wikipedia

  • Oil crisis — Main article: Energy crisis Oil crisis may refer to: 1970s 1970s energy crisis 1973 oil crisis 1979 energy crisis Post 1970s Oil price increase of 1990 2000s energy crisis This di …   Wikipedia

  • Oil depletion — per major producing country. This model assumes world oil depletion remains constant at the 2004 level of 80 million barrels per day.[1] However, world oil depletion is currently (as of 2008) at 85 million barrels per day …   Wikipedia

  • Oil shale economics — deals with the economic feasibility of oil shale extraction and processing. The economic feasibility of oil shale is highly dependent on the price of conventional oil, and the assumption that the price will remain at a certain level for some time …   Wikipedia

  • Price mechanism — is an economic term that refers to the buyers and sellers who negotiate prices of goods or services depending on demand and supply.[1] A price mechanism or market based mechanism refers to a wide variety of ways to match up buyers and sellers… …   Wikipedia

  • Price gouging — is a pejorative term for a seller pricing much higher than is considered reasonable or fair. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it… …   Wikipedia

  • Oil and Gas Development Company — Type Public (KSE: OGDC) (LSE: OGDC) …   Wikipedia

  • Oil shale — For the scientific technical journal, see Oil Shale (journal). Not to be confused with Shale oil or Tight oil. Oil shale Sedimentary Rock Combustion of oil shale Composition …   Wikipedia

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