IRAQ WAR FUELS OIL RALLY, DOLLAR FLOUNDERS, CHINA TAKES OVER (2002 TO PRESENT)

IRAQ WAR FUELS OIL RALLY, DOLLAR FLOUNDERS, CHINA TAKES OVER (2002 TO PRESENT)   The 2001–2002 economic slowdown proved only temporary. T...

Read More

IRAQ’S INVASION OF KUWAIT AND THE GULF WAR (1990–1991) AND THE ASIAN CRISIS AND OPEC’s MISCALCULATION (1997–1998)

THE ASIAN CRISIS AND OPEC’s MISCALCULATION (1997–1998) The next major move in oil would take place in 1997–1998, when a mis-timed decision...

Read More

WORLD INTERVENES AGAINST STRONG DOLLAR (1985–1987) AND FALLING DOLLAR AND OIL: A BOON FOR NON-USD IMPORTERS

WORLD INTERVENES AGAINST STRONG DOLLAR (1985–1987) The excessive strength of the U.S. dollar proved detrimental to the world economy. The ...

Read More

OIL GLUT AND PRICE COLLAPSE (1981–1986) AND THE SUPER DOLLAR OF 1980–1984 THE WORLD’S THIRD OIL SHOCK

OIL GLUT AND PRICE COLLAPSE (1981–1986) Once prices peaked at a record high of $38 per barrel in February 1981, they descended on a six-...

Read More

FIRST OIL SHOCK (1973–1974), THE FIRST DOLLAR CRISIS (1977–1979) AND SECOND OIL SHOCK (1978–1980)

FIRST OIL SHOCK (1973–1974) As the dollar tumbled in world markets, OPEC suffered from two fronts: being paid in a rapidly depreciating U...

Read More

OIL FUNDAMENTALS IN THE CURRENCY MARKET FROM A GOLD STANDARD TO AN OIL STANDARD (1970S–1980S) AND OIL PRICE SHOCKS FUELED BY MOUNTING INFLATION, FALLING DOLLAR

OIL FUNDAMENTALS IN THE CURRENCY MARKET The relationship between the most sought-after energy form and the Tworld’s reserve currency has ...

Read More