Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (21256)	4/17/2008 11:30:45 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 36917

There is a brief slope change in the early 70's; that may be '73. The dip in '78-79 was the Shah boycott. The drop in the 80's was due to the tanker wars in the Gulf and 2 recessions... These sustained attacks cut Iranian oil exports in half, reduced shipping in the Gulf by 25 percent, led Lloyd's of London to increase its insurance rates on tankers, and slowed Gulf oil supplies to the rest of the world; moreover, the Saudi decision in 1984 to shoot down an Iranian Phantom jet intruding in Saudi territorial waters played an important role in ending both belligerents' attempts to internationalize the tanker war. Iraq and Iran accepted a 1984 UN-sponsored moratorium on the shelling of civilian targets, and Tehran later proposed an extension of the moratorium to include Gulf shipping, a proposal the Iraqis rejected unless it were to included their own countrystudies.us There were also a couple of recessions. In fact, it's estimated that the world-wide economic downturn then pushed PO back 10 years. Maybe the 15 doesn't count refined products. This is almost a year old, but I haven't got time to wade thru a bunch of stuff. I'll keep my eyes open. Don't know how much diesel and aviation fuel.... Last week the U.S. imported 1.6 million barrels per day of motor gasoline, a near-record quantity, and an order of magnitude bigger than the quantities that the U.S. imported thirty years ago. Yet as Robert Rapier correctly observes, econbrowser.com