The Energy Effect

By |2014-08-22T13:14:16-04:00August 22nd, 2014|Categories: UI Journal|Tags: , , , , , |

In 1933, expectations were high when Standard Oil secured the first contract to drill for oil in Saudi Arabia. By October 1973, the situation was much different when the Organization of Petroleum Exporting Countries (OPEC) increased oil prices by 130% [...]