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	Asia Times Online :: Asian news and current affairs
		That is not to say that oil would not be beneficial to the country as it could give it the energy to fuel farm machinery, irrigate land, transport crops and make it self-sufficient in feeding its population.
		What we have seen then is just because the rising price of oil does not seem too damaging to us, it is already damaging many parts of the world where it is having an effect similar to the 1970s oil crisis.
		The oil crisis gets louder - listen to it, talk about it, prepare for it - it is out there, the tide is rising and rushing toward us.
	www.atimes.com /atimes/Global_Economy/GI30Dj01.html (2755 words)

	Peak Oil Primer \| EnergyBulletin.net \| Peak Oil News Clearinghouse
		Oil is a finite, non-renewable resource, one that has powered phenomenal economic and population growth over the last century and a half.
		Of the 65 largest oil producing countries in the world, up to 54 have past their peak of production and are now in decline, including the USA (in 1970/71) and the North Sea (in 2001).
		Many of the official sources of data used to model oil peak such as OPEC figures, oil company reports, and the USGS discovery projections, upon which the international energy agencies base their own reports, can be shown to be very unreliable.
	www.energybulletin.net /primer.php (2461 words)

	The silent oil crisis
		That is not to say that oil would not be beneficial to the country as it could give it the energy to fuel farm machinery, irrigate land, transport crops and make it self-sufficient in feeding its population.
		But the oil crisis is having an impact on daily life.
		One of the starkest examples of the silent oil crisis is in North Korea, where there is a virtual news flout.
	therbelot.free.fr /monde/Silent_Oil_Crisis.html (2661 words)

	1973 oil crisis Summary
		At the height of the crisis in the United States, drivers of vehicles with odd numbered license plates were allowed to purchase gasoline only on odd-numbered days of the month, while drivers with even-numbers were limited to even-numbered days.
		The crisis was further exacerbated by government price controls in the United States, which limited the price of "old oil" (that already discovered) while allowing newly discovered oil to be sold at a higher price, resulting in a withdrawal of old oil from the market and artificial scarcity.
		The 1973 oil crisis was a major factor in Japan's economy shifting away from oil-intensive industries and resulted in huge Japanese investments in industries like electronics.
	www.bookrags.com /1973_oil_crisis (4883 words)

	Peak Oil - Do Oil Reserves Foretell Bleak Future? By Alejandro Eggers Moreno
		As the oil supply shrinks, essential petroleum-dependent products (that is, nearly everything in modern society, from transportation to electricity to basic foodstuffs) are rendered either unavailable or unaffordable.
		China itself could render the figures obsolete: Chinese oil imports rose by 30 percent last year, according to China's Ministry of Commerce, and the country's energy demand is expected to grow significantly in the next 25 years.
		The future of oil may not be as bright as it seems, both to the energy industry at large and to anyone who relies on their computer, their car or their planet.
	www.countercurrents.org /po-moreno030404.htm (885 words)

	Looming Oil Crisis (Site not responding. Last check: )
		Factor 1 - Remaining Oil from Previous Discoveries: Oil and Gas Journal, the most widely consulted publication on the subject of oil supply and demand, reports that 807 billion barrels were produced by 1998, with almost half of that amount since the supply shocks of the 1970s.
		Thus, a total of approximately 1.64 trillion barrels of oil have been discovered, and approximately 0.83 trillion barrels of this total remain to be produced.
		Consistent with the supply-disruption events of the 1970s, oil production models assume the swing producers will impose radical price increases when they supply more than 30 percent of the world's demand, leading to a worldwide plateau of demand until the swing producers' share reaches 50 percent.
	www.diamondaenergy.com /looming_oil_crisis.htm (984 words)

	The Seventies
		Within the realm of science and energy, the defining events of the 1970s were oil shortages: first in 1973, then again in 1977.
		Thus began, after the Mideast oil embargo of 1973-74, a rush to diversify America's energy base and to reduce U.S. dependence on imported oil.
		Although it was the 1960s that brought radical changes to the nation, it was the 1970s--the nuclear-bashing, tree-hugging, energy-starved '70s--that transformed ORNL from an atomic laboratory into a complex RandD center, one embracing an array of interrelated energy, environmental, and scientific challenges.
	www.ornl.gov /info/swords/seventies.html (1513 words)

	Peak Oil: Life After the Oil Crash
		Oil is increasingly plentiful on the upslope of the bell curve, increasingly scarce and expensive on the down slope.
		Moreover, the oil companies don't give this theory the slightest bit of credence even though they are more motivated than anybody to find an unlimited source of oil as each company's shareholder value is based largely on how much oil it holds in reserve.
		Oil is running out; the climate is changing at a potentially catastrophic rate; wars over scarce resources are brewing; finally, most shocking of all, we don't seem to be having enough ideas about how to fix any of these things.
	www.lifeaftertheoilcrash.net (4412 words)

	The Hubbert Peak for World Oil
		Additionally, oil reserves can be used as collateral for loans - an example of this is the $50 Billion loan from the USA to Mexico: in December 1994, the Mexican Peso fell by around 35%.
		The ‘premature peak’ in the early 1970s corresponds to the oil crisis of 1973.
		This does not mean that the world is running out of oil: it means that we are running out of the cheap pumpable oil that has fueled the economic development of the 20th Century.
	www.oilcrisis.com /summary.htm (1527 words)

	1973 oil crisis at AllExperts
		About the same time, OPEC members agreed to use their leverage over the world price-setting mechanism for oil in order to quadruple world oil prices, after attempts at negotiation with the "Seven Sisters" earlier in the month failed.
		The embargo was lifted in March 1974 after negotiations at the Washington Oil Summit, but the effects of the energy crisis lingered on throughout the 1970s.
		The crisis also prompted a call for individuals and businesses to conserve energy â" most notably a campaign by the Advertising Council using the tag line "Don't Be Fuelish." Many newspapers carried full-page advertisements that featured cut-outs which could be attached to light switches emblazoned with the slogan "Last Out, Lights Out: Don't Be Fuelish".
	en.allexperts.com /e/0/1973_oil_crisis.htm (4365 words)

	CBC News Indepth: Oil
		Oil is sold in barrels - it's the same unit of measure used to sell whisky.
		Oil prices were stable for most of the 100 years before 1973 at well under $5 a barrel.
		By 1979, the world was in for another oil shock as unrest in Iran led to the toppling of the Shah - a friend of the West - and the rule of the ayatollahs.
	www.cbc.ca /news/background/oil (713 words)

	Repeat of 1970s oil crisis not expected - Business - Dominion Post
		With oil at its current level, even with the US dollar weakening, prices at the pump in New Zealand have risen as high as $1.69 for 91 octane petrol, not too far from the record of $1.77 hit last July.
		While still high, New Zealand's oil intensity – the amount of oil needed per unit of GDP – was lower than it had been in the 1970s.
		The rise in oil prices now was partly a reflection of solid demand growth around the world, while in the 1970s oil prices rose as a result of a supply shock.
	www.stuff.co.nz /dominionpost/4255711a6034.html (766 words)

	1970s information - Search.com
		Economically, the seventies were marked by the energy crisis which peaked in 1973 and 1979 (see 1973 oil crisis and 1979 oil crisis).
		The experience that oil reserves were not endless and technological development was not sustainable without harming the environment ended the age of modernism.
		This was reflected in the corporate culture of the 1970s, where the hierarchy between supervisor and subordinates became increasingly flat.
	www.search.com /reference/1970s (10059 words)

	Competitive Enterprise Institute
		As the price of oil and gas rose to 1970s oil crisis levels over the past year, pundits flew out of the woodwork that this represented a permanent change in the way of the world.
		He suggested that the dynamic worked so that tyrannical regimes were fed by high oil prices and that the only way to increase freedom worldwide would be to shift away from an oil-based economy.
		After all, there is little difference between the government of Iran now and in the 1990s when oil prices were at $20 a barrel beyond the factor that they are close to achieving their nuclear ambitions.
	www.cei.org /gencon/019,05545.cfm (896 words)

	[A-List] Global economy: impending oil crisis
		We're scraping the bottom of the barrel: oil price puts global growth in jeopardy Demand for the fl stuff is gushing but supply isn't and the surge in the cost of crude to its highest level since 1990 shows no sign of running out of fuel.
		Oil prices may drop a couple of dollars between now and the end of the year, but no one is predicting they will drop below $30 any time soon.
		If the oil price sustains the $10 per barrel increase from $25 to $35 for a year, in the developed world, inflation will increase on average by 0.5 per cent, GDP will fall by 0.4 per cent and unemployment will increase, the report predicts.
	lists.econ.utah.edu /pipermail/a-list/2004-May/048663.html (2026 words)

	After The Oil Crisis
		Or you believe the oil crisis was all a towelhead sand nigger conspiracy...
		In the winter 82, after the second oil crisis, Foreign Policy asked two oil experts to comment on whether there was...
		In the winter 81-82, after the second oil crisis, Foreign Policy asked two oil experts to comment on whether there was still an oil crisis going on.
	energycrisis.mendcrisis.com /aftertheoilcrisis (1105 words)

	Wind power - Biocrawler (Site not responding. Last check: )
		Denmark is especially a leader in the production and use of turbines, with a commitment made in the 1970s to eventually produce half of the country's power by wind.
		The Irish government recently constructed the world's largest offshore wind turbine park and plans are being made for more such installations on the west coast, including the possible the use of floating turbines.
		While the United States government lost interest when the price of oil dropped after the 1970s oil crisis, the Danes and Germans continued their efforts and now are a leading exporter of large turbines (each generating 0.66 to 5.0 megawatt)..
	www.biocrawler.com /encyclopedia/Wind_power (4469 words)

	ET 04/04: Fish Wars: How cheap oil drives industrial longline fishing
		One of the world's biggest beneficiaries of cheap oil is industrial longline fishing which is pillaging our fragile ocean ecosystem in the hunt for these two predatory fish.
		Since the mid 1970s oil crisis, the amount of fuel consumed by larger and larger vessels has been rapidly outpacing the growth in the actual catch.
		The massive expansion of industrial fishing capacity powered by “cheap” oil is at the heart of the crisis.
	www.sdearthtimes.com /et0404/et0404s13.html (689 words)

	Taiwan - Facts, Information, and Encyclopedia Reference article
		Meanwhile, political reforms beginning in the late 1970s and continuing through the early 1990s liberalized the Republic of China from an authoritarian one-party state into a multiparty democracy.
		During the 1960s and 1970s, Taiwan began to develop into a prosperous and dynamic economy, becoming one of the East Asian Tigers while maintaining an authoritarian, one-party government.
		Due to the relocation of many manufacturing and labor-intensive industries to mainland China, unemployment also peaked at a level last seen during the 1970s oil crisis.
	www.startsurfing.com /encyclopedia/t/a/i/Taiwan.html (3997 words)

	The Oil Drum \| Discussions about Energy and Our Future
		It is a fantastic account of how a 1970s Fiat 500 has been retrofitted with batteries and an electric motor to create the Post Peak Car.
		Hundred-dollar oil is one of those psychological thresholds in the market that we note with fanfare.
		Oil economists and geologists debate whether world oil supplies have peaked.
	www.theoildrum.com (1093 words)

	1970s Oil Crisis
		At a time when reports of losses resulting from the subprime crisis are on the rise, a paradoxical surge in global stock markets is inducing an element of complacency.
		For this reason, understanding the 1970âs oil crisis will allow us to better understand the debates that we face today over energy sources worldwide.
		Objective: To describe the 1970âs oil crisis and the effects it had on the transportation industries.
	thinkingdesigns.com /1970s-oil-crisis.html (378 words)

	WEB EXCLUSIVE Hydrogen-Bombing Down the Track - Popular Science
		The end of that crisis proved that the American consumer had a very short memory—as recently as two years ago, cars that barely exceeded 10 miles per gallon were flying off the lots.
		And actually, we started working on the CVCC before the 1970s oil crisis; it was just coincidental that we launched it when there was a real need for that car.
		Compare sunlight to oil, and there, I think, is an excellent solution.
	www.popsci.com /popsci/automotivetech/5ca4f35e5990e010vgnvcm1000004eecbccdrcrd/2.html (823 words)

	NASAexplores 5-8 Lesson: (Teacher Sheets)
		To describe the 1970’s oil crisis and the effects it had on the transportation industries.
		During the 1970s, NASA worked with several universities to develop new aerodynamic designs that inspired newer shapes for heavy-duty vehicles, which created fuel savings of 20 to 24 percent.
		Have a class brainstorming session after the completion of the group reports about how this crisis affects their lives today and whether we are susceptible to another oil crisis.
	www.nasaexplores.com /show_58_teacher_st.php?id=021226132613 (593 words)

	1970s Style \| 1970s Culture \| 1970s History \| 1970s Event \| 1970s Invention \| 1970s Cartoon \| 1970s Car \| 1970s Economy
		Western industrial nations resented the large oil price rises of 1973, but oil producers were reflecting the market value of their commodity.
		Gradually, it dawned on people that much of the wild optimism for mankind's future was misplaced, and the heady promises made by scientists, professionals, planners and technocrats of the sixties were illusory.
		The oil crisis imposed many constraints on Britain, though some could be turned to advantage.
	www.englandattraction.com /1970s.html (1708 words)

	IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Carter's Oil Crisis
		The crisis in fact began in October of 1973, after the first Arab oil embargo, and continued for years as first President Nixon and then President Ford failed to get a grip on things.
		With oil prices rising out of control, Carter in June 1979 canceled his vacation and gathered dozens of mostly Democratic leaders at Camp David to discuss what to do.
		Carter cut off oil imports from Iran and the mullahs imposed an oil embargo, leading to a global market panic and a surge in prices — the second oil shock of the decade.
	www.ibdeditorials.com /IBDArticles.aspx?id=265590277656184 (874 words)

	The oil crisis - Oil crisis constant concern - Campus
		Oil plays such a fundamental role in the world economy that we need not “run out” of the stuff before we run into a crisis of untold proportions.
		Confronting Today's Oil Crisis in the U.S. With little doubt today the United States is being confronted with a crisis of major proportions.
		To describe the 1970’s oil crisis and the effects it had on the In the 1970s, we experienced an oil crisis.
	sitescard.com /sscd/the-oil-crisis.html (1516 words)

	[No title]
		Amy Myers Jaffe, speaking to the All-Convention Luncheon in Dallas, not only presented her synopsis on a looming oil crisis, but warned that geopolitical issues could lead to a déjà vu of the energy crises of 1973 and 1979.
		She added, tongue-and-cheek, that a paper she wrote as an eighth grader on the 1970s oil crisis could be dusted off and published today in a learned journal.
		O'Connor said that OPEC stopped being a cartel during the 1970s oil crises, with the emergence of Alaskan North Slope and North Sea oil.
	www.aapg.org /explorer/2004/07jul/geopolitics.cfm (1672 words)

	Oil: The 1970s Redux (Site not responding. Last check: )
		Suddenly, icy oil platforms in the heaving gray waters of the North Sea became viable -- which delighted not only the Brits, but the Norwegians as well, since they owned the other half of the oil field.
		The 1970s also ought to have seared into our consciousness the idea that you can have runaway inflation with a weak domestic economy.
		The yen, the dollar, the francs were spent; the oil was saved." Given a choice between a $1,000 in a bank account paying market interest or $1,000 worth of oil stored anywhere in the world -- most people would probably have looked to hold the oil.
	www.whiskeyandgunpowder.com /Archives/2005/20050629.html (1956 words)

	Carless days in plan to combat oil crisis \| Post Carbon Institute
		The Economic Development Ministry is looking at ways to respond to a potential oil shock, such as cutting the speed limit to 90kmh, which could reduce fuel demand by about 11 per cent.
		Another measure to limit consumption was a return to the "carless" days of the late 1970s when one day a week a vehicle owner was barred from using his or her car.
		Oil demand can be reduced by about 7 per cent, it says, through a combination of measures such as car-pooling, moving to more efficient engines and encouraging people to work from home.
	www.postcarbon.org /node/499 (709 words)

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