Term
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Definition
| crisis turned out to be a geopolitical oil crisis |
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Term
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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 |
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Term
| Strategic Petroleum Reserve |
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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 |
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Term
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Definition
had turned into a war with attacks on Iraq:
o Command and control centers
o Military
o Strategic targets |
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Term
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Definition
| was a landmark in terms of controlling air pollution and smog |
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Term
| “the Hydrocarbon Society” |
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Definition
| A new challenge to _________ emerged- a new wave of the environmental movement |
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Term
| Oil needed markets, and markets need oil |
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Definition
| Mutual interest and stable relationship |
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Term
| 1989- “the annus mirabilis” |
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Definition
| (the miracle year) in which international order had been remade |
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