Shared Flashcard Set

Details

ENGT- Final
Ch.36-Peoples
9
Business
Undergraduate 2
12/06/2011

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Cards

Term
Margaret Thatcher
Definition
appreciated free markets and thus abolished BNOC, which she saw no reason to maintain
Term
George H.W. Bush
Definition
graduated form Yale in 1948 and headed to Midland (oil capital of West Texas) painting pumping equipment and eventually assigned to be itinerant salesman
Term
George H.W. Bush
Definition
took the offshore oil services side of the business, making him one of the pioneers and leaders in the dynamic development of offshore drilling and production in the Gulf of Mexico and around the World
Term
Ronald Reagan
Definition
chose Bush as running mate, which lead to Bush's vice presidency—their policy was to get the government out of the oil industry. They wanted to speed up the decontrol of the oil prices begun by the Carter Administration
Term
John Herrington
Definition
Energy Secretary, he was warning that the fall in oil prices had reached the point of threatening national security
Term
George H.W. Bush
Definition
His visit to Saudi Arabia included a late night meeting with the King. The king explained that the Saudis were nervous about Iran’s military advances and threats, and the prime subject of the meeting, as of the entire Bush mission, was Persian Gulf security and U.S. weapons supplies.
Term
Bush's mission
Definition
He provided reason for the Saudis to consider the fierce battle for market share that had send pries into a tailspin and to look for a new way out.
Term
George H.W. Bush
Definition
He stuck to point that low prices would cripple the American domestic energy industries with serious consequences for the nation
Term
George W. Bush
Definition
VP prepared to go to the Mid. East to discuss oil, he became point man for dilemmas of the Reagan Administration and the U.S. policy at this very delicate moment in international relations
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