Shared Flashcard Set

Details

ENGT- Final
Ch.37-Everything Else
8
Business
Undergraduate 2
12/07/2011

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Cards

Term
The first post-Cold War
Definition
crisis turned out to be a geopolitical oil crisis
Term
Members of OPEC
Definition
increased production to compensate for the lost output from Kuwait and Iraq which furthered isolated Iraq and underlined their commitment to a new alignment with customers
Term
Strategic Petroleum Reserve
Definition
Since the 1970s the U.S. has had its ____________which held about 600 million barrels of oil- used in case of conflict and used to flood the market preventing price hikes
Term
The Gulf Crisis
Definition
had turned into a war with attacks on Iraq:
o Command and control centers
o Military
o Strategic targets
Term
“Clean Air Act of 1990”
Definition
was a landmark in terms of controlling air pollution and smog
Term
“the Hydrocarbon Society”
Definition
A new challenge to _________ emerged- a new wave of the environmental movement
Term
Oil needed markets, and markets need oil
Definition
Mutual interest and stable relationship
Term
1989- “the annus mirabilis”
Definition
(the miracle year) in which international order had been remade
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