Transcript
Page 1: The History of Oil & Money from 1980 to Present Day

34 Years of Oil & Money

Page 2: The History of Oil & Money from 1980 to Present Day

Oil & Money 1980 – 1989

A Time of Transformation

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Reagan Deregulates Oil Prices

1980-1989

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Iran Hostage Crisis Ends

1980-1989

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Oil Glut Takes Hold; OPEC Cuts Prices to $29 per Barrel (April 1983)

1980-1989

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Iran – Iraq Tanker War

1980-1989

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Oil Price Crash of 1986

1980-1989

Page 8: The History of Oil & Money from 1980 to Present Day

Chernobyl Disaster (April 26, 1986)

1980-1989

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Exxon Valdez Oil Spill (March 24, 1989)

1980-1989

Page 10: The History of Oil & Money from 1980 to Present Day

The Fall of the Berlin Wall (November 9, 1989)

1980-1989

Page 11: The History of Oil & Money from 1980 to Present Day

Oil & Money 1990 – 1999

A Time of Transition

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1990-1999

Invasion of Kuwait (August 2, 1990)

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1990-1999

Soviet Union Collapses (December 1991)

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La Apertura: The Opening of Venezuela's Oil Industry (1994 - 1999)

1990-1999

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Lord John Browne, Group Chief Executive of BP

First Recipient of the Petroleum Executive of the Year Award

1990-1999

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New Technology & Cost Reductions

1990-1999

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Asian Economic Crisis Slashes Economic Growth and Oil Demand (1998)

1990-1999

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Major Int’l Oil Company Mergers (BP - Amoco 1998, Exxon - Mobil 1999, Chevron - Texaco 2000)

1990-1999

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Oil Price moves above $25/bbl as OPEC’s 3 mi. bbl/day cuts take effect (March 29, 1999)

1990-1999

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Oil & Money 2000 – 2009 A New Boom

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Expansion of Oil Sands – Alberta

2000-2009

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Kashagan Discovery (2000)

2000-2009

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September 11, 2001 : Oil Prices Fall Sharply

2000-2009

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Iraq War Begins: Iraqi Production Drops OPEC raises the production quota of its members (excluding Iraq) from

23 to 24.5 million bbl/d effective February (2003)

2000-2009

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Hurricane Katrina (August 29, 2005)

2000-2009

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Russian Production & Export Surge

2000-2009

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Qatar LNG Expansion

2000-2009

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Chinese Demand Growth Drives Oil Price, Supply Anxiety

2000-2009

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Oil Price Hits $147 Barrel (July 2008)

2000-2009

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Oil Price Drops Sharply as Part of Global Financial Crisis

2000-2009

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US Shale Gas Production Rewrites Gas Supply Outlook in North America

2000-2009

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Iran: New Political Uncertainty and Geopolitical Risk (September 2009)

2000-2009

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Saudi Capacity Increases to 11 Million Barrels a Day (2009)

2000-2009

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Crude Oil Prices (1970- 2008)

International Crude Oil Market Handbook, Energy Intelligence

2000-2009

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Oil & Money 2010 – 2013

The New Energy Map

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Russia Introduces New ESPO Crude to Asian Market (2010)

2010-2013

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BP Deepwater Horizon Explosion; Oil Spill in the Gulf of Mexico (April 20, 2010)

2010-2013

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Last US Combat Troops Leave Iraq (Aug 19, 2010)

2010-2013

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Petrobras Raises $70 billion in Record Share Offers (2010)

2010-2013

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Arab Spring Begins in Tunisia, Egypt, Bahrain (2011)

2010-2013

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Libyan Production Stops Due to Civil War – Oil Prices Rise (February 2011)

2010-2013

Production Recovers Faster than Expected

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Fukushima Daiichi Nuclear Disaster has Big Impact on LNG and Oil Markets as Japan Seeks

Replacements (March 2011)

2010-2013

All Japanese Nuclear Reactors Shut Down (May 2012)

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June OPEC Meeting Ends in Disarray; End of Quotas (2011)

2010-2013

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EU Embargoes Iranian Oil in Protest of Nuclear Weapons Program; US Imposes Secondary

Boycott. Tension Drives Up Oil Prices (Jan 2012)

2010-2013

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US Looks to Rising Oil Production and Reduced Imports Due to Shale Oil (2012)

2010-2013

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Hurricane Sandy Causes Widespread Gas Shortage and Rationing in New York, New

Jersey (October 2012)

2010-2013

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Algerian BP Facility Occupied by Amenas Militants for Four Days, Killing 48 Hostages; Gas

Exports Maintained (January 16, 2013)

2010-2013

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US Light, Tight Oil Production Growth Exceeds Expectations (2013)

2010-2013

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Competition Grows Between Russian State Giants Gazprom and Rosneft (2013)

2010-2013

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Venezuela’s Hugo Chavez Dies Raising Questions About Future Direction (March 5, 2013)

2010-2013

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Oil & Money Today, Tomorrow, and Beyond

2010-2013

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The Future of New Oil Technology

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The Future of Renewable Energy

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The Future of Oil

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Thank You for Joining Us for 34 Years

Insight, Knowledge, Networking

Confronting our Common Challenges

Explaining the Energy Industry to the World


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