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48 relations: American Enterprise Institute, Coal, Dissolution of the Soviet Union, Ekofisk oil field, Energy efficiency in transport, Energy returned on energy invested, Ethanol, ExxonMobil, Free market, Gulf War, Independent Petroleum Association of America, Inflation, Invasion of Kuwait, Iran–Iraq War, Jimmy Carter, Kuwait, Middle East, Mises Institute, National Energy Program, Natural gas, North Sea oil, Northern Europe, Nuclear power, OPEC, Petroleum, Price controls, Price elasticity of demand, Prudhoe Bay Oil Field, Real versus nominal value (economics), Ronald Reagan, Rumaila oil field, Saudi Arabia, Soviet Union, Swing producer, The Boston Globe, The New York Times, The Prize: The Epic Quest for Oil, Money, and Power, Time (magazine), Trans-Alaska Pipeline System, U.S. News & World Report, United States dollar, University of Pennsylvania, Windfall profits tax, 1970s energy crisis, 1973 oil crisis, 1979 energy crisis, 1980–89 world oil market chronology, 2010s oil glut.
American Enterprise Institute
The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a conservative think tank based in Washington, D.C. which researches government, politics, economics and social welfare.
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Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams.
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Dissolution of the Soviet Union
The dissolution of the Soviet Union occurred on December 26, 1991, officially granting self-governing independence to the Republics of the Soviet Union.
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Ekofisk oil field
Ekofisk is an oil field in block 2/4 of the Norwegian sector of the North Sea about southwest of Stavanger.
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Energy efficiency in transport
The energy efficiency in transport is the useful travelled distance, of passengers, goods or any type of load; divided by the total energy put into the transport propulsion means.
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Energy returned on energy invested
In physics, energy economics, and ecological energetics, energy returned on energy invested (EROEI or ERoEI); or energy return on investment (EROI), is the ratio of the amount of usable energy (the exergy) delivered from a particular energy resource to the amount of exergy used to obtain that energy resource.
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Ethanol
Ethanol, also called alcohol, ethyl alcohol, grain alcohol, and drinking alcohol, is a chemical compound, a simple alcohol with the chemical formula.
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ExxonMobil
Exxon Mobil Corporation, doing business as ExxonMobil, is an American multinational oil and gas corporation headquartered in Irving, Texas.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Gulf War
The Gulf War (2 August 199028 February 1991), codenamed Operation Desert Shield (2 August 199017 January 1991) for operations leading to the buildup of troops and defense of Saudi Arabia and Operation Desert Storm (17 January 199128 February 1991) in its combat phase, was a war waged by coalition forces from 35 nations led by the United States against Iraq in response to Iraq's invasion and annexation of Kuwait.
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Independent Petroleum Association of America
The Independent Petroleum Association of America is an organization of oil and gas producers in the United States.
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Inflation
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
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Invasion of Kuwait
The Invasion of Kuwait on 2 August 1990 was a 2-day operation conducted by Iraq against the neighboring state of Kuwait, which resulted in the seven-month-long Iraqi occupation of the country.
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Iran–Iraq War
The Iran–Iraq War was an armed conflict between Iran and Iraq, beginning on 22 September 1980, when Iraq invaded Iran, and ending on 20 August 1988, when Iran accepted the UN-brokered ceasefire.
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Jimmy Carter
James Earl Carter Jr. (born October 1, 1924) is an American politician who served as the 39th President of the United States from 1977 to 1981.
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Kuwait
Kuwait (الكويت, or), officially the State of Kuwait (دولة الكويت), is a country in Western Asia.
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Middle East
The Middle Easttranslit-std; translit; Orta Şərq; Central Kurdish: ڕۆژھەڵاتی ناوین, Rojhelatî Nawîn; Moyen-Orient; translit; translit; translit; Rojhilata Navîn; translit; Bariga Dhexe; Orta Doğu; translit is a transcontinental region centered on Western Asia, Turkey (both Asian and European), and Egypt (which is mostly in North Africa).
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Mises Institute
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States.
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National Energy Program
The National Energy Program (NEP) was an energy policy of the Government of Canada from 1980 to 1985.
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Natural gas
Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium.
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North Sea oil
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
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Northern Europe
Northern Europe is the general term for the geographical region in Europe that is approximately north of the southern coast of the Baltic Sea.
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Nuclear power
Nuclear power is the use of nuclear reactions that release nuclear energy to generate heat, which most frequently is then used in steam turbines to produce electricity in a nuclear power plant.
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OPEC
The Organization of the Petroleum Exporting Countries (OPEC,, or OPEP in several other languages) is an intergovernmental organization of nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.
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Petroleum
Petroleum is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth's surface.
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Price controls
Price controls are governmental restrictions on the prices that can be charged for goods and services in a market.
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Price elasticity of demand
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
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Prudhoe Bay Oil Field
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope.
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Real versus nominal value (economics)
In economics, a real value of a good or other entity has been adjusted for inflation, enabling comparison of quantities as if prices had not changed.
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Ronald Reagan
Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th President of the United States from 1981 to 1989.
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Rumaila oil field
The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately from the Kuwaiti border.
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula.
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Soviet Union
The Soviet Union, officially the Union of Soviet Socialist Republics (USSR) was a socialist state in Eurasia that existed from 1922 to 1991.
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Swing producer
Swing producer is a supplier or a close oligopolistic group of suppliers of any commodity, controlling its global deposits and possessing large spare production capacity.
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The Boston Globe
The Boston Globe (sometimes abbreviated as The Globe) is an American daily newspaper founded and based in Boston, Massachusetts, since its creation by Charles H. Taylor in 1872.
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The New York Times
The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.
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The Prize: The Epic Quest for Oil, Money, and Power
The Prize: The Epic Quest for Oil, Money, and Power is Daniel Yergin's history of the global petroleum industry from the 1850s through 1990.
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Time (magazine)
Time is an American weekly news magazine and news website published in New York City.
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Trans-Alaska Pipeline System
The Trans-Alaska Pipeline System (TAPS) includes the trans-Alaska crude-oil pipeline, 11 pump stations, several hundred miles of feeder pipelines, and the Valdez Marine Terminal.
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U.S. News & World Report
U.S. News & World Report is an American media company that publishes news, opinion, consumer advice, rankings, and analysis.
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United States dollar
The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.
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University of Pennsylvania
The University of Pennsylvania (commonly known as Penn or UPenn) is a private Ivy League research university located in University City section of West Philadelphia.
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Windfall profits tax
A windfall profits tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry.
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1970s energy crisis
The 1970s energy crisis was a period when the major industrial countries of the world, particularly the United States, Canada, Western Europe, Japan, Australia, and New Zealand, faced substantial petroleum shortages, real and perceived, as well as elevated prices.
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1973 oil crisis
The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo.
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1979 energy crisis
The 1979 (or second) oil crisis or oil shock occurred in the world due to decreased oil output in the wake of the Iranian Revolution.
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1980–89 world oil market chronology
No description.
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2010s oil glut
The 2010s oil glut is a considerable surplus of crude oil that started in 2014–2015 and accelerated in 2016, with multiple causes.
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Redirects here:
1980's Oil Glut, 1986 oil price collapse, 1986 oil price crash.
References
[1] https://en.wikipedia.org/wiki/1980s_oil_glut
