28._The_Hinge_Years_Revised_S10 - 28.TheHingeYears:...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
1 28. The Hinge Years:  Countries Versus Companies
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Major Themes Fundamental conditions Waning  End of world oil surplus Rising nationalism  in third world Impacts of these New policemen  in Middle East Producing countries take advantage:  Libya Others follow:  The Tehran agreement
Background image of page 2
3 The Shah’s  Extravagance Celebration in Oct. 1971 of 2,500  anniversary of fall of Persepolis “One of the biggest bashes in all  history” Cost $100-200 million Many heads of state 25,000 bottles of wine imported from  France Shah eventually      warmed to the British
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4 Anglo-American  retreat Waning American power      – mired in Vietnam, we could be taken on Britain was  liquidating its empire Aden transferred to South Yemen Britain announcement withdraw of all defense east  of Suez in 1968 (BOP crisis) Completely withdrew all forces from Persian Gulf  in November 1971 (Sheiks begged them to stay) Power vacuum:  Iraq & Soviets vs. the Shah
Background image of page 4
5 Persian Gulf Power Vacuum What do  you think of  the Shah? What was  the role of  nationalism ?
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
6 The End  of the  Surplus Early 1970’s,  demand was  catching up with supply   U.S. Production peaked  at  11.3 million barrels per day  in  1971, ”The old warrior can’t rise  anymore.” Import quota removed,  imports flowed in US would  no longer  be able  to act as an emergency  reserve. Annual U.S. Crude oil Production, 1860-2004 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 1860 1872 1884 1896 1908 1920 1932 1944 1956 1968 1980 1992 2004 Billion barrels
Background image of page 6
7 The Environment The report  The Limits  to Growth:  A Report for  the Club of Rome’s  Project on “The  Predicament of  Mankind”  1967 US Clean Air Bill S ociety would  become  unsustainable  within  100 hundred years
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8 The Big Spill Drilling for oil of the 
Background image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/19/2011 for the course EGEE 120 taught by Professor Considine,timothy during the Spring '07 term at Pennsylvania State University, University Park.

Page1 / 22

28._The_Hinge_Years_Revised_S10 - 28.TheHingeYears:...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online