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34 Years of Oil & Money
Oil & Money
1980 – 1989
A Time of Transformation
Reagan Deregulates Oil Prices
1980-1989
Iran Hostage Crisis Ends
1980-1989
Oil Glut Takes Hold; OPEC Cuts Prices to $29 per Barrel
(April1983)
1980-1989
Iran – Iraq Tanker War
1980-1989
Oil Price Crash of 1986
1980-1989
Chernobyl Disaster (April 26, 1986)
1980-1989
Exxon Valdez Oil Spill (March 24, 1989)
1980-1989
The Fall of the Berlin Wall (November9, 1989)
1980-1989
Oil & Money
1990 – 1999
A Time of Transition
1990-1999
Invasion of Kuwait (August 2, 1990)
1990-1999
Soviet Union Collapses (December 1991)
La Apertura: The Opening of Venezuela's Oil
Industry (1994-1999)
1990-1999
Lord John Browne, Group Chief Executive of BP
First Recipient of the Petroleum
Executive of the Year Award
1990-1999
New Technology & Cost Reductions
1990-1999
Asian Economic Crisis Slashes Economic
Growth and Oil Demand (1998)
1990-1999
Major Int’l Oil Company Mergers
(BP - Amoco 1998, Exxon - Mobil 1999, Chevron - Texaco 2000)
1990-1999
Oil Price moves above $25/bbl as OPEC’s 3
mi. bbl/day cuts take effect (March 29, 1999)
1990-1999
Oil & Money
2000 – 2009
A New Boom
Expansion of Oil Sands – Alberta
2000-2009
Kashagan Discovery (2000)
2000-2009
September 11, 2001 : Oil Prices Fall Sharply
2000-2009
Iraq War Begins: Iraqi Production Drops
OPEC raises the production quota of its members (excluding Iraq) from
23 to 24.5 million bbl/d effective February (2003)
2000-2009
Hurricane Katrina (August29,2005)
2000-2009
Russian Production & Export Surge
2000-2009
Qatar LNG Expansion
2000-2009
Chinese Demand Growth Drives
Oil Price, Supply Anxiety
2000-2009
Oil Price Hits $147 Barrel (July 2008)
2000-2009
Oil Price Drops Sharply as Part of Global
Financial Crisis
2000-2009
US Shale Gas Production Rewrites Gas Supply
Outlook in North America
2000-2009
Iran: New Political Uncertainty and
Geopolitical Risk (September 2009)
2000-2009
Saudi Capacity Increases to 11 Million
Barrels a Day (2009)
2000-2009
Crude Oil Prices (1970- 2008)
International Crude Oil Market Handbook, Energy Intelligence
2000-2009
Oil & Money
2010 – 2013
The New Energy Map
Russia Introduces New ESPO Crude to
Asian Market (2010)
2010-2013
BP Deepwater Horizon Explosion; Oil Spill in the
Gulf of Mexico (April 20, 2010)
2010-2013
Last US Combat Troops Leave Iraq
(Aug 19, 2010)
2010-2013
Petrobras Raises $70 billion in Record
Share Offers (2010)
2010-2013
Arab Spring Begins in Tunisia, Egypt, Bahrain
(2011)
2010-2013
Libyan Production Stops Due to Civil War – Oil
Prices Rise (February2011)
2010-2013
Production Recovers Faster than Expected
Fukushima Daiichi Nuclear Disaster has Big
Impact on LNG and Oil Markets as Japan Seeks
Replacements (March 2011)
2010-2013
All Japanese Nuclear Reactors Shut Down (May 2012)
June OPEC Meeting Ends in Disarray;
End of Quotas(2011)
2010-2013
EU Embargoes Iranian Oil in Protest of Nuclear
Weapons Program; US Imposes Secondary
Boycott. Tension Drives Up Oil Prices (Jan 2012)
2010-2013
US Looks to Rising Oil Production and Reduced
Imports Due to Shale Oil (2012)
2010-2013
Hurricane Sandy Causes Widespread Gas
Shortage and Rationing in New York, New
Jersey (October2012)
2010-2013
Algerian BP Facility Occupied by Amenas
Militants for Four Days, Killing 48 Hostages; Gas
Exports Maintained (January 16, 2013)
2010-2013
US Light, Tight Oil Production Growth Exceeds
Expectations (2013)
2010-2013
Competition Grows Between Russian State
Giants Gazprom and Rosneft (2013)
2010-2013
Venezuela’s Hugo Chavez Dies Raising
Questions About Future Direction (March 5, 2013)
2010-2013
Oil & Money
Today, Tomorrow, and Beyond
2010-2013
The Future of New Oil Technology
The Future of Renewable Energy
The Future of Oil
Thank You for Joining Us for 34 Years
Insight, Knowledge, Networking
Confronting our Common Challenges
Explaining the Energy Industry to the World

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The History of Oil & Money from 1980 to Present Day