ÿþ<html> <head> <title>WHKMLA : Timelines - Oil Crisis </title> <!-- copyright Alexander Ganse, 2003 --> </head> <body bgcolor="grey" text="black" link="blue" vlink="red" alink="brown"> <style> <!-- A{ font-weight: bold; font-size: 10pt; font-face: arial; } --> </style> <DIV align ="center"> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "center" valign = "center"> <A HREF = "../../index.html"> <img src = "../../whkmla2.jpg" border = "0"> </a></TD></TR></TABLE> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "center" valign = "center"> <img src = "../../meh.jpg" border = "0"> </a></TD></TR></TABLE> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD width = "100" height = "36" align = "center" valign = "center"> <font size = "2" face = "arial"><B> Protest Generation </b></font></TD> <TD width = "36" height = "36" align = "center" valign = "center"> <A HREF = "tlprgen.html"> <img src = "../../region/arrowleft.gif" width = "36" height = "36" border = "0"> </a></TD> <TD align = "center" valign = "center"> <A HREF = "xtimelines.html"> <img src = "../timelines.jpg" border = "0"> </TD> <TD width = "36" height = "36" align = "center" valign = "center"> <A HREF = "tllcw.html"> <img src = "../../region/arrowright.gif" width = "36" height = "36" border = "0"> </a></TD> <TD width = "100" height = "36" align = "center" valign = "center"> <font size = "2" face = "arial"><B> Late Cold War </b></font></TD></TR></TABLE> <font size = "3" face = "arial"><B><i>First posted on March 29th 2003, last revised on September 8th 2004 </i></b></font><BR><BR><BR><BR> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "center" valign = "center" width = "900"> <font face = "Times Roman" size = "5"><B> Timeline Oil Crisis </B></font> <BR> <font face = "Times Roman" size = "2"><i> http://www.zum.de/whkmla/timelines/meh/tloc.html </i></font></B> </TD></TR></TABLE> <BR><BR> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "left" valign = "center" width = "110"> <font face = "Times Roman" size = "2"> 1933 <BR> 1938 <BR> 1938 <BR> 1948-1973 <BR> 1950 <BR> 1951 <BR> 1951 <BR><BR> 1953 <BR><BR> 1954 <BR> 1955 <BR> 1956 <BR><BR> 1956 <BR> 1960 <BR> 1961 <BR> 1962 <BR> 1964 <BR> 1967 <BR> 1967-1970 <BR> 1968 <BR> 1969 <BR> 1970 <BR> 1971 <BR> 1971 <BR> 1971 <BR> 1972 <BR> 1973 <BR> 1973 <BR> 1973 <BR> 1973-1974 <BR> 1975 <BR> 1975 <BR> 1976 <BR> 1979 <BR> 1979 <BR> 1979 <BR> 1979-1981 <BR> 1980-1988 <BR> 1983 <BR><BR> 1986 <BR> 1990 <BR> 1990- <BR> 1991 <BR><BR> </font></TD> <BR><TD align = "left" valign = "center" width = "600"> <font face = "Times Roman" size = "2"> Standard Oil of California granted oil concession in <A HREF = "../../region/arabworld/xsarabia.html">Saudi Arabia</A>; oil struck in 1938 <BR> Oil discovered in <A HREF = "../../region/arabworld/xkuwait.html">Kuwait</A> (BP) <BR> Mexico expropriated foreign-owned shares in Oil Industry; state-run co. PEMEX took over <BR> Post-War Economic Boom based on low oil price <BR> Govt of <A HREF = "../../region/arabworld/xsarabia.html">Saudi Arabia</A>granted 50 % share in AramCo oil profits <BR> <A HREF = "../../region/northafrica/xlibya.html">Libya</A> was granted independence <BR> <A HREF = "../../region/centrasia/xiran.html">Iran</A>, denied the 50-50 profit share arrangement, nationalizes Anglo Iranian Oil Company; Iranian oil faced int'l boycott (1951-1953) <BR> CIA, British Secret Service support a coup which ousts Mossadegh in <A HREF = "../../region/centrasia/xiran.html">Iran</A>; boycott on Iranian oil lifted; Shah takes over control of Iranian politics <BR> Coup d'Etat in <A HREF = "../../region/northafrica/xegypt.html">Egypt</A>; Gamal abd-el Nasser assumes presidency <BR> <A HREF = "http://www.zum.de/whkmla/region/italy/xitaly.html">Italy</A>'s EMI and <A HREF = "../../region/northafrica/xegypt.html">Egypt</A> sign oil concession treaty which grants Egypt 75 % of oil profits <BR> President Nasser (<A HREF = "../../region/northafrica/xegypt.html">Egypt</A>) nationalizes Suez Canal; attempt to reoccupy Canal Zone by <A HREF = "../../region/britain/xuk.html">UK</A>, <A HREF = "../../region/france/xfrance.html">F</A>, <A HREF = "../../region/arabworld/xisrael.html">Israel</A> aborted; oil prices temporarily soar due to closed Suez Canal <BR> Oil discovered in <A HREF = "../../region/westafrica/xnigeria.html">Nigeria</A>, <A HREF = "../../region/northafrica/xalgeria.html">Algeria</A> <BR> OPEC established, founding members <A HREF = "../../region/arabworld/xsarabia.html">Saudi Arabia</A>, <A HREF = "../../region/arabworld/xkuwait.html">Kuwait</A>, <A HREF = "../../region/arabworld/xiraq.html">Iraq</A>, <A HREF = "../../region/centrasia/xiran.html">Iran</A>, <A HREF = "../../region/samerica/xvenezuela.html">Venezuela</A> <BR> <A HREF = "../../region/arabworld/xkuwait.html">Kuwait</A> was granted independence <BR> <A HREF = "../../region/northafrica/xalgeria.html">Algeria</A> was granted independence <BR> Druzhba-Pipeline delivers <A HREF = "../../region/russia/xussr.html">USSR</A> oil to <A HREF = "../../region/eceurope/xpoland.html">Poland</A>, <A HREF = "../../region/germany/xgermanyneu.html">GDR</A>, <A HREF = "../../region/eceurope/xczechoslovakia.html">CSR</A> <BR> Six Days War between <A HREF = "../../region/arabworld/xisrael.html">Israel</A> and, a.o., <A HREF = "../../region/northafrica/xegypt.html">Egypt</A>; Suez Canal closed <BR> <A HREF = "../../region/westafrica/xnigeria.html">Nigeria</A> - Biafra Secession War, partially fought over Nigeria's oil fields <BR> Oil discovered in Alaska <BR> Coup d'Etat in <A HREF = "../../region/northafrica/xlibya.html">Libya</A>; Muammar al Qaddafi takes power <BR> <A HREF = "../../region/northafrica/xegypt.html">Egypt</A> : Nasser died; Anwar as-Sadat succeeded to presidency <BR> <A HREF = "../../region/britain/xuk.html">UK</A> withdrew her forces from the Gulf Region, leaving behind power vacuum <BR> <A HREF = "../../region/scandinavia/xnorway.html">Norway</A> began to produce North Sea Oil <BR> <A HREF = "../../region/northafrica/xlibya.html">Libya</A> nationalizes BP concession <BR> <A HREF = "../../region/arabworld/xiraq.html">Iraq</A> nationalizes Oil Industry <BR> <A HREF = "../../region/centrasia/xiran.html">Iran</A> nationalizes Oil Industry <BR> <A HREF = "../../period/latecoldwar/arabisr2.html">Yom Kippur War</A> (<A HREF = "../../region/northafrica/xegypt.html">Egypt</A> e.a. vs. <A HREF = "../../region/arabworld/xisrael.html">Israel</A>) <BR> Oil Embargo; oil price soars from $2.90 to $11.65 (per barrel) <BR> In response to high oil prices, Car Free Sundays are organized in many European countries <BR> <A HREF = "../../region/britain/xuk.html">UK</A> began to produce North Sea Oil <BR> <A HREF = "../../region/samerica/xvenezuela.html">Venezuela</A> nationalizes Oil Industry <BR> <A HREF = "../../region/centrasia/xiran.html">Iran</A> acquires 25 % of W. German steel giant Krupp <BR> Camp David Accords : <A HREF = "../../region/arabworld/xisrael.html">Israel</A> (M. Begin) and <A HREF = "../../region/northafrica/xegypt.html">Egypt</A> (A. Sadat) sign peace <BR> Coup d'Etat in <A HREF = "../../region/arabworld/xiraq.html">Iraq</A>; Saddam Hussein takes power <BR> Islamic Revolution in <A HREF = "../../region/centrasia/xiran.html">Iran</A> <BR> Iranian Hostage Crisis, Second Oil Crisis, Oil prices temporarily reach $ 34 per barrel <BR> <A HREF = "../../region/arabworld/xiraq.html">Iraq</A> invades <A HREF = "../../region/centrasia/xiran.html">Iran</A>; <A HREF = "../../military/latecoldwar/gulfwar1.html">First Gulf War</A> <BR> Increased exports by non-OPEC countries force OPEC to introduce oil production quotas; quota system still in force <BR> Collapse of Oil Price <BR> <A HREF = "../../region/arabworld/xiraq.html">Iraq</A> invades, occupies <A HREF = "../../region/arabworld/xkuwait.html">Kuwait</A> <BR> International Embargo against <A HREF = "../../region/arabworld/xiraq.html">Iraq</A> <BR> Liberation of <A HREF = "../../region/arabworld/xkuwait.html">Kuwait</A>Kuwait</A> by UN forces ( <A HREF = "../../military/latecoldwar/gulfwar2.html">Second Gulf War</A>); <A HREF = "../../region/arabworld/xiraq.html">Iraq</A> sets <A HREF = "../../region/arabworld/xkuwait.html">Kuwait</A> Oil Fields <BR> on fire <BR> </font></TD> </TR></TABLE><BR><BR> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "left" valign = "center" width = "500"> <font face = "Times Roman" size = "2"> History by Period : Late Cold War : <A HREF = "../../period/latecoldwar/oilcrisis.html"> http://www.zum.de/whkmla/period/latecoldwar/oilcrisis.html</A> </font></TD> </TR></TABLE><BR><BR> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "left" valign = "center" width = "500"> <font face = "Times Roman" size = "2"> IMPORTANT EXPRESSIONS, PHRASES <BR><BR> <A HREF = "../../military/latecoldwar/gulfwar1.html">First Gulf War</A>, <A HREF = "../../military/latecoldwar/gulfwar2.html">Second Gulf War</A>, Suez Crisis, Oil Embargo, OPEC, Car Free Sunday, Islamic Revolution </font></TD> </TR></TABLE><BR><BR> <TABLE border = "0" cellspace="0" cellpadding="0" align="center"> <TR> <TD align = "left" valign = "center" width = "500"> <font face = "Times Roman" size = "2"> IMPORTANT PERSONS <BR><BR> Saddam Hussein, Shaikh A.Z. Yamani, Shah Reza Pahlevi, Mohammed Mossadegh, Muammar al Qaddafi, Menachem Begin, Gamal abd-el Nasser, Anwar as-Sadat, Juan Pablo Perez Alfonso </font></TD> </TR></TABLE><BR><BR><BR><BR> </DIV> </DIV> <DIV align="center"> <A href="mailto:aganse@hotmail.com"> <IMG src="../../email.gif" border="0"></a><BR> </DIV><BR><BR><BR><BR><BR> <!-- Start of Count-o-Rama Code --> <a href="http://62.132.145.75/index.html" target="_blank"> <img src="http://62.132.145.75/cgi-bin/hidden.pl?12950" border="0"></a> <!-- End of Count-o-Rama Code --> <!-- Start of CH Counter --> <script type="text/javascript"> //<!-- // chCounter v2.0.0 // settings: cstatus = "active"; visible = "0"; path_to_counterfile = "http://www.zum.de/whkmla/counter/counter.php"; urlhp = "http://www.zum.de"; //////////////// url = unescape(location.href); file = url.substring(url.lastIndexOf(urlhp) + urlhp.length, url.length); file = (file.charAt(0) != "/") ? "/" + file : file; referer = (document.referrer) ? document.referrer : ""; document.write("<script type=\"text/javascript\" "); document.write("src=\"" + path_to_counterfile + "?chCounter_mode=js&status=" + cstatus + "&visible=" + visible); document.write("&seite=" + file + "&referer=" + referer + "&res_width=" + screen.width + "&res_height=" + screen.height + "\"></" + "script>"); //--> </script> <!-- End of CH Counter --> <BR> </body> </html>