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Topic: Oil Crises


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In the News (Sat 4 Jul 09)

  
  OPEC, by Benjamin Zycher: The Concise Encyclopedia of Economics: Library of Economics and Liberty   (Site not responding. Last check: 2007-10-30)
As a result oil prices "posted" (paid to the selling nations) by the major oil companies were reduced in February 1959 and August 1960.
Therefore, sellers who try to deny oil to buyer A will find other buyers purchasing more oil, some of which will be resold by them to buyer A. Nor, as is commonly believed, was OPEC the cause of oil shortages and gasoline lines in the United States.
Thus, the demand for crude oil is likely over the long term to decline relative to the demand for competing fuels.
www.econlib.org /library/Enc/OPEC.html   (1542 words)

  
 Belgium - Wikipedia, the free encyclopedia
After World War II, Ghent and Antwerp experienced a fast expansion of the chemical and petroleum industries.
The 1973 and 1979 oil crises sent the economy into a prolonged recession.
Aside from these differences, Belgium is well-known for its fine art and architecture.
en.wikipedia.org /wiki/Belgium   (4445 words)

  
 Free-ResearchPapers.com - Brazil   (Site not responding. Last check: 2007-10-30)
Culture Brazil is the sixth most populous country in the world with a population over171 million and a growing rate of 1.16 percent annually (1999 est.) [CIA World Factbook web site].
The ability to control most of these industries allows the economy of Brazil to have the upper hand in South America and the ability to expand in world markets.
Periodic world recessions, the oil crises of 1973 and 1979, the accumulation of high debt, and periods of rapid inflation have contributed to slow the development process in Brazil.
www.free-researchpapers.com /dbs/a5/bmu24.shtml   (1510 words)

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