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Unformatted text preview: OPEC Embargo (1973) – “First Oil Shock” Rising prices, renegotiations of oil concessions in the 1970s, NOCs Iranian Revolution (1979) – “Second Oil Shock” 3. OPEC Undermined Growth in non-OPEC production: Alaska, North Sea, Mexico OPEC failed to enforce production quotas Oil price collapse, 1985-1986 Terms Concession Aramco OPEC Ghawar Enrico Mattei Muammar al-Qaddafi...
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This note was uploaded on 11/09/2011 for the course INTB 3353 taught by Professor Prodan during the Fall '08 term at University of Houston.
- Fall '08