history lecture2

Information about history lecture2

Published on April 10, 2008

Author: Moorehead

Source: authorstream.com

Content

Slide1:  DeGolyer: “The center of gravity of world oil production is shifting to the Middle East” 1944 Center of Gravity Slide2:  The US government to acquire direct ownership The US government to negotiate an agreement with the British Let the private companies do the business What to do In the Middle East? Slide3:  1st option: ruled out 2nd option: before going to Yalta, Roosevelt withdrew it from Senate 3rd option: won Yalta Slide4:  Growing demand and rising production 1945: 26 million cars 1950: 40 million cars 1948 Net exporter Net importer USA Many new discoveries Slide5:  March 12, 1947 Truman Doctrine New Aramco: Socol, Standard Oil of NJ, Texaco, Socony Gulf Oil – Shell in Kuwait Iranian contract between Anglo Iranian and Standard Oil, Socony Slide6:  Europe in crisis Marshall plan Slide7:  Birth of Israel May 14, 1948 First Arab-Israeli war h:  Dilemma of Ibn Saud: Birth of Israel US guarantee on Saudi Arabia’s independence Soviet threat King Ibn Saud h Slide9:  Post-war petroleum order Center: Middle East Market: USA, Western Europe, Japan Technology: huge development Problem: Large surplus of oil How to divide profit Advancement in Technology Slide10:  50-50 Deal, December 1950 The producing countries wanted more money and power Slide11:  Iran 40 % of Middle Eastern oil Weak shah US interest Korean war British hatred Nationalization, May 1951, Mossadegh (Mossy) Korean War Slide12:  Expropriation vs. economic warfare, 1952 No oil export no money, economic trouble Law and order collapsing Mossadegh turned to Moscow U.S. and Brithish assisted coup The shah regained power Oil consortium: Jersey, Socony, Texaco, Standard of California, Gulf; Shell; CFP; Anglo Iranian Result: The USA is the major player in the Middle East, 1954 Slide13:  Suez represented the post-war petroleum order: 2/3 of Europe’s oil passed through Suez 2/3 of traffic in Suez was oil Suez Slide14:  1952: a coup removed the king 1954: Colonel Gamal Abdel Nasser became dictator Rejection of the West Pan-Arabism “greatest international crime” – the creation of Israel Got weapons from the Soviet block Nasser Slide15:  Whether to build the Aswan dam? US rejected Revenge: expropriation of Suez Canal, July 26, 1956 Eisenhower did not want war The French and British wanted military action Aswan Slide16:  War plot against Egypt: France, UK, Israel October 29, 1956 Eisenhower was furious Soviet Union threatened by rocket attacks Revolution in Hungary Result: Nasser became a hero and leader of Arabs 2nd Arab Israeli War Slide17:  World oil production 8.7 million barrels 42 million barrels Middle East 1.1 million barrels 18.2 million barrels U.S. production share 64% 22% U.S. reserves share 34% 7% 1948 1972 Slide18:  50-50% is not enough any more Nasser ascendant Soviets build Aswan Syria joins Egypt: United Arab Republic Nasser controls oil: Suez and pipelines Producer countries wanted more money and power Slide19:  End of 1950s: Soviet Union is the second largest oil producer Oil companies cut prices Building national refineries National integrated oil companies Stabilize market for themselves, 60-40 % share OPEC OPEC’s aim: Slide20:  1960s: more discoveries in Africa, large oil surplus Nasser’s prestige was declining He wanted to gain recognition: liquidation of Israel Blockade against Israeli shipping, Military buildup with Syria, Jordan, Iraq June 5, 1967: 3rd Arab-Israeli war, 6 day war Occupation of Sinai, Gaza, West Bank, East Jerusalem Six Day War Slide21:  Oil embargo against Israel’s friends Arab oil decreased by 60% No effect – oil is abundant, cheap Embargo lifted in September Slide22:  End of 1960s, early 1970s Recession in US and British power Vietnam war Anti-Americanism becomes a great fashion Nixon-doctrine Demand in oil was catching up with supply – end of surplus Huge economic growth fueled by oil US oil production: 11.3 million barrels per day, the peak More dependency on Middle Eastern oil Nixon 1971: collapse of Bretton Woods Slide23:  Occidental Petroleum discovered oil in Libya in 1966 Qaddafi coup, 1969 Increase in oil price All the countries increased their profit share Qaddafi Slide24:  Egypt was in bankrupt after Nasserism ended Sadat wanted to restore order and make peace with Israel Israel was conceited after the 1967 success 1973 Yom Kippur war Sadat Yom Kippur War Slide25:  The Soviet Union supported Egypt and Syria The USA supported Israel World War conflict was imminent Oil exporters increased oil prices 100% Arabs cut oil supply and eventually stopped exporting to USA A weak president in the Watergate agony contributed to the oil crisis Wategate Slide26:  Boom times Alska, Mexico discoveries North Sea: the biggest play of all Slide27:  Iran: too much money – corruption, chaos, political tensions Shah represented modernization Shiite fundamentalists hated US as the main ally of the Shah Escalating chaos in the oil industry By December 1978 no oil exports from Iran The Shah escaped February 1, Komeini returned to Tehran Komeini Slide28:  Second Shock Panic in the world market: price went up from $13 to $34 From March 1979, Iranian export started to come back Shortage in oil: long lines at gas stations Peace accord: Camp David Carter Slide29:  November 4, 1979 : hostage USA allowed the Shah for treatment The West, especially USA seemed very weak Soviets invaded Afghanistan Price: $45 Hostage Slide30:  Hussein of Iraq September 22, 1980: Iraq attacks Iran Early 80’s: Two drastic changes: Enormous investment in exploration Decreasing demand Result: oil surplus June 1982: Lebanon war Golden age for oil geologists Slide31:  Cheap oil: financial crisis in some oil exporters Mukluk dry hole: end of exploration boom End of pessimism of the 70s Economy is booming, but not because of oil fuel Oil is not that dangerous as before Slide32:  August 2, 1990: Iraqi invasion of Kuwait New oil shock, supply decreased Loss had been compensated by December from other sources January 17, 1991: Desert Storm February 28 cease fire Desert Storm

Related presentations


Other presentations created by Moorehead

gis technology2
16. 11. 2007
0 views

gis technology2

customs courtesies
28. 02. 2008
0 views

customs courtesies

bfahome
04. 10. 2007
0 views

bfahome

CSW04 DDoSWormsUnderground v1
10. 12. 2007
0 views

CSW04 DDoSWormsUnderground v1

Hour8
02. 11. 2007
0 views

Hour8

Big 12 Lean Approach 2
07. 11. 2007
0 views

Big 12 Lean Approach 2

legal
14. 11. 2007
0 views

legal

B2 Vitev
15. 11. 2007
0 views

B2 Vitev

Rabies 3
20. 11. 2007
0 views

Rabies 3

Sep 2005 Hispanic Heritage
21. 11. 2007
0 views

Sep 2005 Hispanic Heritage

lecture3B
08. 11. 2007
0 views

lecture3B

HISTORY OF RUSSIA1
23. 11. 2007
0 views

HISTORY OF RUSSIA1

k 12toolkit
29. 11. 2007
0 views

k 12toolkit

08 BdM 3e WT
13. 12. 2007
0 views

08 BdM 3e WT

AHDA2005 White
25. 12. 2007
0 views

AHDA2005 White

India Since Indepencence
01. 01. 2008
0 views

India Since Indepencence

ZhangJianbo
12. 10. 2007
0 views

ZhangJianbo

CP17284
27. 12. 2007
0 views

CP17284

01Tipos de cuerpos
02. 01. 2008
0 views

01Tipos de cuerpos

Master Winter QPB
28. 11. 2007
0 views

Master Winter QPB

ENGR 4060 Italy1stmtg
01. 11. 2007
0 views

ENGR 4060 Italy1stmtg

lecture01 welcome
30. 12. 2007
0 views

lecture01 welcome

wah
07. 01. 2008
0 views

wah

handout 185951
05. 11. 2007
0 views

handout 185951

Tema 02 Tareas GQ
16. 11. 2007
0 views

Tema 02 Tareas GQ

China Presentation
11. 10. 2007
0 views

China Presentation

NR6 1
04. 03. 2008
0 views

NR6 1

Filarial Nematodes
19. 11. 2007
0 views

Filarial Nematodes

FirstProgresMeeting
01. 12. 2007
0 views

FirstProgresMeeting

403
14. 03. 2008
0 views

403

alex
30. 12. 2007
0 views

alex

Gussmagg COLD
18. 03. 2008
0 views

Gussmagg COLD

CITIgroup
21. 03. 2008
0 views

CITIgroup

ExploreFair
26. 03. 2008
0 views

ExploreFair

mark robertson blackwell
27. 03. 2008
0 views

mark robertson blackwell

2007 MacCracken
07. 04. 2008
0 views

2007 MacCracken

lect17
01. 01. 2008
0 views

lect17

7th October presentation 1
24. 02. 2008
0 views

7th October presentation 1

7274117
30. 03. 2008
0 views

7274117

WCU07 SlipsTrips Falls
04. 01. 2008
0 views

WCU07 SlipsTrips Falls

alena
09. 04. 2008
0 views

alena

CYDE 3
13. 04. 2008
0 views

CYDE 3

El Codigo da Vinci
05. 01. 2008
0 views

El Codigo da Vinci

DECA Prep for Competitive Events
22. 04. 2008
0 views

DECA Prep for Competitive Events

JSC Energizer 12 Days of Fitness
05. 12. 2007
0 views

JSC Energizer 12 Days of Fitness

NPAPSP Analysis
20. 11. 2007
0 views

NPAPSP Analysis

Slides3
04. 01. 2008
0 views

Slides3

science
10. 10. 2007
0 views

science

AFD 070926 096
05. 11. 2007
0 views

AFD 070926 096

SLNspring2003
27. 09. 2007
0 views

SLNspring2003

XwalkProgress
12. 12. 2007
0 views

XwalkProgress

issues to watch 2006
10. 10. 2007
0 views

issues to watch 2006

pdhpe in cogs 07
24. 11. 2007
0 views

pdhpe in cogs 07

Novenato StEdmund
17. 06. 2007
0 views

Novenato StEdmund

Nash1
17. 06. 2007
0 views

Nash1

nanwise august06
17. 06. 2007
0 views

nanwise august06

names yalit
17. 06. 2007
0 views

names yalit

names rowling
17. 06. 2007
0 views

names rowling

names ethnic
17. 06. 2007
0 views

names ethnic

Nairne MC CH07
17. 06. 2007
0 views

Nairne MC CH07

MMR v2004PPT
17. 06. 2007
0 views

MMR v2004PPT

mitacf lg 20060929 vision
17. 06. 2007
0 views

mitacf lg 20060929 vision

oef 9
17. 06. 2007
0 views

oef 9

oef 8 opl
17. 06. 2007
0 views

oef 8 opl

oef 7 opl
17. 06. 2007
0 views

oef 7 opl

oef 6 opl
17. 06. 2007
0 views

oef 6 opl

oef 5 opl
17. 06. 2007
0 views

oef 5 opl

oef 3
17. 06. 2007
0 views

oef 3

oef 2
17. 06. 2007
0 views

oef 2

frederic
05. 11. 2007
0 views

frederic

pasher orgs and fun
17. 06. 2007
0 views

pasher orgs and fun

parody 000
17. 06. 2007
0 views

parody 000

Orientation Leaders 2007
17. 06. 2007
0 views

Orientation Leaders 2007

OOP SLA99
17. 06. 2007
0 views

OOP SLA99

off train
17. 06. 2007
0 views

off train

pbr04 forecasts
17. 06. 2007
0 views

pbr04 forecasts

oef 8
17. 06. 2007
0 views

oef 8

oef 7
17. 06. 2007
0 views

oef 7

oef 6
17. 06. 2007
0 views

oef 6

oef 5
17. 06. 2007
0 views

oef 5

oef 4 opl
17. 06. 2007
0 views

oef 4 opl

oef 4
17. 06. 2007
0 views

oef 4

oef 3 opl
17. 06. 2007
0 views

oef 3 opl

oef 1 opl
17. 06. 2007
0 views

oef 1 opl

oef 1
17. 06. 2007
0 views

oef 1

6 APO
28. 12. 2007
0 views

6 APO

eva dimmock stim4 wok fields 04
06. 12. 2007
0 views

eva dimmock stim4 wok fields 04

soportes ago06
16. 11. 2007
0 views

soportes ago06

bORrB
03. 01. 2008
0 views

bORrB