The History of Oil & Money from 1980 to Present Day

34 Years of Oil & Money

Oil & Money 1980 – 1989

A Time of Transformation

Reagan Deregulates Oil Prices

1980-1989

Iran Hostage Crisis Ends

1980-1989

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

1980-1989

Iran – Iraq Tanker War

1980-1989

Oil Price Crash of 1986

1980-1989

Chernobyl Disaster (April 26, 1986)

1980-1989

Exxon Valdez Oil Spill (March 24, 1989)

1980-1989

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

1980-1989

Oil & Money 1990 – 1999

A Time of Transition

1990-1999

Invasion of Kuwait (August 2, 1990)

1990-1999

Soviet Union Collapses (December 1991)

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

1990-1999

Lord John Browne, Group Chief Executive of BP

First Recipient of the Petroleum Executive of the Year Award

1990-1999

New Technology & Cost Reductions

1990-1999

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

1990-1999

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

1990-1999

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

1990-1999

Oil & Money 2000 – 2009 A New Boom

Expansion of Oil Sands – Alberta

2000-2009

Kashagan Discovery (2000)

2000-2009

September 11, 2001 : Oil Prices Fall Sharply

2000-2009

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

Hurricane Katrina (August 29, 2005)

2000-2009

Russian Production & Export Surge

2000-2009

Qatar LNG Expansion

2000-2009

Chinese Demand Growth Drives Oil Price, Supply Anxiety

2000-2009

Oil Price Hits $147 Barrel (July 2008)

2000-2009

Oil Price Drops Sharply as Part of Global Financial Crisis

2000-2009

US Shale Gas Production Rewrites Gas Supply Outlook in North America

2000-2009

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

2000-2009

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

2000-2009

Crude Oil Prices (1970- 2008)

International Crude Oil Market Handbook, Energy Intelligence

2000-2009

Oil & Money 2010 – 2013

The New Energy Map

Russia Introduces New ESPO Crude to Asian Market (2010)

2010-2013

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

2010-2013

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

2010-2013

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

2010-2013

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

2010-2013

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

2010-2013

Production Recovers Faster than Expected

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)

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

2010-2013

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

Boycott. Tension Drives Up Oil Prices (Jan 2012)

2010-2013

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

2010-2013

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

Jersey (October 2012)

2010-2013

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

Exports Maintained (January 16, 2013)

2010-2013

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

2010-2013

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

2010-2013

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

2010-2013

Oil & Money Today, Tomorrow, and Beyond

2010-2013

The Future of New Oil Technology

The Future of Renewable Energy

The Future of Oil

Thank You for Joining Us for 34 Years

Insight, Knowledge, Networking

Confronting our Common Challenges

Explaining the Energy Industry to the World