why did the oil industry experience hard times from 1985 to 2004

Answers

Answer 1
In 1980, the price of oil all around the world was at its peak at the price of $35 US dollars per barrel which is around $109 US dollars per barrel in 2019 (once adjusted for inflation). The price then fell in 1986 from $27 US dollars to $10 US dollars ( $63 US dollars to $23 US dollars in 2019 dollars). The Glut had begun in the early 1980’s as a consequence of slowed economic activity within Industrial countries due to the 1970s crisis. I hope this helps you :)
Answer 2

As the 1980s got underway, Houston's oil industry was in the midst of nearly a decade of opulence, supported by record crude prices that followed the Arab oil embargo of 1973 and the Iranian Revolution of 1979.

But just a few years later, it all came crashing down with the price of oil. The jets were grounded, cranes dismantled and commercial projects scrapped. Thousands of workers lost jobs and scores of companies went belly up.

Why did oil prices drop in 1985?

Toward the end of 1985, oil prices had been stable at then historically high levels of $30 a barrel for nearly three years. The result was weaker demand, but growing output among non-OPEC producers. When OPEC opted for market share over production cuts to support prices, the proverbial bottom fell out.

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Related Questions

Which innovation allowed for the mass production of goods?

A. Cotton gin
B. Sewing machine
C. Industrial lubricator
D. Interchangeable parts

Answers

Answer:

Interchangeable parts

Explanation:

The answer is interchangeable parts

After World War II, Stalin said that the Soviet Union needed a “buffer zone” to protect it from attack. This idea resulted in the USSR expanding its control into ?
Northern Africa.
Western Europe.
the Middle East.
Eastern Europe.

Answers

Answer:

The correct answer is D) Eastern Europe.

Explanation:

After World War II, Stalin said that the Soviet Union needed a “buffer zone” to protect it from attack. This consideration was the motive for the USSR expanding its control in Eastern Europe.

The idea about the need for Soviet Union to get buffer zone” to protect it from attack after World War II bring about expansion of USSR to Eastern Europe.

This is because, if Soviet Union doesn't comes with the buffer zone, USSR might not be able to spread their wing to Eastern Europe.

What is World War II?

World War II can be regarded as  global war in 1939 which affected majority of the world's countries.

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Use the quotation to answer the following question.
"By nature men are pretty much alike; it is learning and practice that set them
apart."
Confucius
The quotation suggests that significant human differences in the world are mostly due to differences in which of the following?
А physical amearance
B
culture
inherited characteristics
emotions

Answers

the answer is culture

What did Mary Beth and John Tinker do at school that was found to be a protected form of expression by
the Supreme Court?
A. They started arguments in their classes with fellow students.
B. They led a protest rally outside the school during lunch.
C. They wore black armbands as a nonverbal show of protest.
D. They convinced other students to protest by staging a walkout.

Answers

Answer:

C

Explanation:

Answer: C. They wore black armbands as a nonverbal show of protest.

Explanation:

on edg.

in what way were the Code of Hammurabi and the Twelve Tables of Rome similar?

Answers

They established written legal standards

What was rasputins actual cause of death?

Answers

Answer:

Hello There!!

Explanation:

He was murdered and died because of gunshot wounds.

hope this helps,have a great day!!

~Pinky~

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He was murdered. He died of three gunshot wounds, one of which was a close-range shot to his forehead.

Thanks.Hope it helps.

Why did the Bolsheviks, who were a small minority, ultimately succeed in
acquiring and maintaining power? (detailed response would be best if u can!!)

Answers

Answer:

In short, the success of the Bolshevik Revolution in 1917 can be attributed to, among other factors, their organization, the conditions faced by the Russian people, and the inability of the provisional government to deal with these conditions.

Explanation:

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1. What is NC’s Coastline?

2. How did it slow our economic growth?

Answers

NC is national Country

From People interim-cation Revels Into the Redaction hope this help u if it didnt tell me so i can give you more info

Some advertisements may state opinions and some may make exaggerated claims. For the purpose of this activity, you will create an advertisement based on real facts. So make sure that your research is strong and well supported. Conduct further research if needed on the civilization you chose. Form at least three arguments that support the civilization as the "best." Make sure that you provide at least two sources to support your argument.

Answers

Answer:

Would you like to join our civilization? let me tell you about it.

In greece we are a domecratic society! We have  adult citizens that we require to take an active part in our government. We are a progressive society as we use a watermill as a main source of power! A watermill is an innovative source of power using water to create energy. it is a structure that uses a water wheel turbine to drive a mechanical process such as milling, grinding, rolling or hammering. Our religion is classified as polytheistic, which means that  we  believed in multiple deities. We are known for our fantastic arts, our agriculture and philosophic views!  So come and be a part of Ancient Greece

Explanation:

When did the Industrial Revolution reach the United States?

Answers

Answer:

The 1830s

Explanation:

Fueled by the game-changing use of steam power, the Industrial Revolution began in Britain and spread to the rest of the world, including the United States, by the 1830s and '40s.

Malcolm X believed that if you were attacked,
you should do what?
A. Defend yourself
B. Turn the other cheek
C. Run away
D. Notify the police

Answers

Answer:

A

Explanation:

Answer: A he wanted them to fight back and defend themselfs

Was the Korean War necessary why or why not?

Answers

It was not necessary for us to fight. The Korean War took place because when North Korea invaded South Korea Truman saw it as evidence of Communist ...

Read the following excerpt from articles 3 through 5 of the Haitian
Constitution, a document that established a government in Haiti after it won
its independence from France. Which of the statements below the excerpt is
a prediction a Haitian leader may have made after the Haitian Constitution
was written?

Article. 3 - There cannot exist slaves on this territory,
servitude is therein forever abolished. All men are born, live
and die free and French.

Article. 4 - All men, regardless of color, are eligible to all
employment

Article. 5 - There shall exist no distinction other than
those based on virtue and talent, and other superiority
afforded by law in the exercise of a public function.
The law is the same for all whether in punishment or in
protection."

1. Haitian Constitution of 1801 (English) art. 3-5, The Louverture Project, accessed April
3, 2013 http://thelouvertureproject.org/index.php?
title=Haitian_Constitution_of_180128English29=External links

A Articles 3 through 5 of Haitis Constitution deal specifically with
ending slavery.
B. Haiti's fight for independence was motivated by a desire to end
slavery.
C. Countries that allow slavery will try to undermine Haitis new
government
D. Haiti's government is based on the idea that all racial groups
should be considered equal

Answers

Answer: B

Explanation:

In all of the articles it refers to ending slavery, making it illegal, and every person shall be born free and live and die free.

The prediction a Haitian leader may have made after the Haitian Constitution was written is, "the Haiti's fight for independence was motivated by a desire to end slavery."

What is the Haiti?

Haiti was the first independent black republic in the world. Haiti achieved this victory by defeating Napoleon and the French colonists, who were using slave labor to grow lucrative crops on the island. The Haitian people managed to overthrow the French  to become a free country.

How did Haiti end slavery?

In 1793, the rebels freed themselves by forcing the colonial commissioners to abolish slavery throughout the colony.

The colony then sent a delegation to the French National Assembly to convince the French government to abolish slavery in the entire Empire. Hence, the Haitians protected that abolition by declaring independence.

Haitians defied all odds and fought courageously for their freedom.

Hence, option B is correct.

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The cotton gin and the sewing machine both contributed to the growth of which industry?

A. Steel
B. Textile
C. Transportation
D. Food processing

Answers

Answer:

B Textile

Explanation:

its number b textile i am sure

Who did the Aztecs rival in their sophistication?

Answers

Answer:

In terms of design and engineering, the Aztecs were on par with Rome. The Aztec city was dubbed the "Venice of the New World" by European explorers.

Explanation:

Hope it helps.

Answer:

Rome

Explanation:

The Aztecs rivaled Rome in its sophistication in design and engineering. 2. European explorers called the Aztec capital the Venice of the New World.

How did Thomas Paine's pamphlet Common Sense convince reluctant Americans to abandon the goal of reconciliation with Britain and accept that separation from Britain — independence — was the only option for preserving their liberty?

Answers

Answer:

Paine's pamphlet shows how America was self-sufficient and capable of being much more promising if it were independent and took care of its own interests.

Explanation:

"Common Sense" was the pamphlet written by Thomas Paine, where he positioned himself in favor of American independence, through a complete separation from the British domain, where America ceased to be a colony and became an independent country. Paine showed, through precise arguments, how America was a much richer and more powerful territory than Great Britain and how America could be much bigger, if it separated itself from the British dominance, because, as an independent country, America would be able to create its own laws, address its own interests and only get involved in issues that are positive for the American people. These arguments allowed the American population to approve of Paine's thinking and to desire separation in the place of reconciliation with Great Britain.

The angel Gabriel visited Mary while she was in:
Nazareth
the Temple
Capernaum
Jerusalem

Answers

the answer is nazareth

What are the long term affects of Britain imperialism on Israel/Palestine ?

Answers

Answer:

The state of Israel, described by the Zionists as a former possession of British ... of the recurrent armed conflict and permanent state of war in the Middle East. ... two momentous al[64/65]though distant consequences for the future of Palestine.

Explanation:

What is one issue addressed by environmental policy?
A. Engaging the community
B. Promoting industrial growth
C. Limiting pollution
D. Increasing density

Answers

The answer is d bc i know I’m right

Read this quotation.

A government of our own is our natural right . . . it is infinitely wiser and safer to form a constitution of our own in a cool deliberate manner, while we have it in our power, than to trust such an interesting event to time and chance.
—Thomas Paine, Common Sense, 1776

In this quotation, Paine recommends

Answers

A government of our own is our natural right it is infinitely wiser

Answer:

C- forming a government while the chance exists.

PLEASE HELP ASAP!!!! What are feudalism and manorialism and how to they work?
Would using these ideas benefit the citizens or the government more? Why or why not?
Do you believe using these ideas to run the country is a good or bad idea? Why? What historical evidence can you provide to support your conclusion?

Answers

Answer: Feudalism deals with the relationship between nobles and vassals. Manorialism deals with the relationship between the vassals, or the lords, and the peasants or serfs. and yes these ideas would benefit the government the relationship between the vassals, or the lords, and the peasants or serfs. I believe the idea of running over the country is good but it can take advantage of the power it holds .

Explanation:

What Was once ruled by Denmark

Answers

Answer:

After the eventual cession of Norway in 1814, Denmark retained control of the old Norwegian colonies of the Faroe Islands, Greenland and Iceland.

Answer:

After the eventual cession of Norway in 1814, Denmark retained control of the old Norwegian colonies of the Faroe Islands, Greenland and Iceland.

If the President is declared disabled or unable to execute the powers of the
Presidency,

Answers

Answer:

The vice president is chosen as what's called the "designated survivor".

Explanation:

Answer: The vice presidant shall become president

Explanation:The 25th amendment of the united states

los necesito para hoy por favor es historia ​

Answers

Explanation:

india,china y Japón del siglo v al vx

durante la edad media sus avances a salvo de inversiones recibió a su vez una gran influencia en China

durante la edad media de India no sólo abarca hasta el geografic, fue el punto de contacto e intercambio de otra civilizaciones asiáticas, otra civilizaciones asiáticas,como divida en reinos independientes gobernador por asiáticas,como la.arebe, la persa y la China.

laindia en la. edad media fue una época carga de historia y de sucesos sumamente interesantes, en la cual se vio pasar grandes Imperios, grandes movimientos en el arte y la literatura.

Panuto: Punan ang Ladder Web ng mga naging
pagbabago sa antas ng lipunan noong panahon ng
Espanyol
1
2
3
1
5.​

Answers

Answer:

[tex]6[/tex]

hsudijsisisieieiiew

3. According to the second reading, how did women help Rome during its wars?​

Answers

Answer:

An Upper class Roman family had dozens, or even hundreds, of slaves; a middle-class family would have had one to three, and even a prosperous member of the working class might have had one. Female slaves usually worked as servants, perhaps as personal maids to the Mistress or as housekeepers, etc.

Explanation:

Bakit kailangan mo mag linus ng paligid​

Answers

Answer:

Ist das Deutsch, wenn ja, kann ich das beantworten

Explanation:

Which is the best thesis statement to introduce an essay on the factors that led to the conclusion of Cold War ?

I think it’s B, but I’m not sure

Answers

Answer:

it is b your correct

Explanation:

Answer:

yea its b

Explanation:

What groups did the Nazis single out for extermination ?

Answers

Jewish people, physically disabled people, mentally disabled people, polish people, Roman people, Soviet prisoners of war

answer:

as we all know, jewish people but along with that the nazis killed (under a blanket statement) murdered or enslaved anyone who didn't have blue eyes and blonde(blond) hair. these people include gypsies, jehovah's witnesses, homosexuals, black people, and african americans the physically and mentally disabled, political opponents of the Nazis, including communists and social democrats, dissenting clergy, resistance fighters, prisoners of war, slavic peoples, and many individuals from the artistic communities whose opinions and works hitler condemned.

explanation:

for more you should check these out- **i'm gonna put the link in the comments**

good luck :)

i hope this helps

brainliest would be highly appreciated

have a nice day!

Which idea is expressed in this excerpt from the Constitution?

Answers

Answer:

The correct answer is B) the Constitution is a guiding document that will improve the country. The idea that is expressed in this excerpt from the constitution is "the Constitution is a guiding document that will improve the country." The US Constitution is the most important document of the country.

Explanation:

hope this helps so sorry if it don't

Other Questions
PLEASE HELP Referring to the energy diagram below which arrow segment represents the activationenergy of this reaction?O Arrow BO Arrow DO Arrow AO Arrow C answer or ill die from death a person acting on behalf of another person or group Question 10 OTWhat was a significant result of Italian military expansion prior to World War11?O A. Great Britain gave up its support for a foreign policy based onappeasementB. Adolph Hitler was forced to slow his program of German territorialexpansionO C. The Soviet Union agreed not to attack Italy if war broke out inEurope.D. Benito Mussolini beliame the ruler of new territories in Africa andEurope. I need to add words but plz help me im stuck Mitosis creates...A) 4 identical cellsB) 2 identical cellsC) 4 unidentical cellsD) 2 unidentical cells Write an equivalent fraction if needed. Add. Write each sum in simplestform. 2 1/10 + 5 7/10 = I will give brainliest and thanks to the first person to answer! :) What were the econauts in the biodome doing with their dead matter and how is it connected to the decomposers? can someone help me with math I dont really understand it find the inverse of f(x)= 2x/(5x+6) How would Abraham Lincoln most likely respond to this statement? The principle of popular sovereignty should always be respected. Every state has the right to choose whether to allow slavery. A. Outlawing slavery in one state will lead to slave revolts in all slaveholding states. B. Slavery is protected by the Constitution even if states want to outlaw it. C. The fighting during "Bleeding Kansas" proves that states cannot be trusted to address the issue of slavery themselves. D. The principle of popular sovereignty only applies to the federal government. write the equation , in slope- intercept form, for the line shown in the graph below how does the skin increase body heat through metabolic rate? Explain the computer Memory and how it works I need help with this please Which word is closest in meaning to "heroic"?1. gallant2. grand3. reckless4. risky Find the sum of 1. (2x2 x) + (x2 + 3x 1)2. 5x2+2x1+(4x2x+2)3. (3x2+2x+1)+(x21)4. x21 +(4x2x) Ill give brainlist to whoever answers correctly What were apartheid laws?A. They were laws that established trade agreements across Africa.B. They were laws that forced European powers to grantindependence to their colonies.C. They were laws that helped South Africa establish a newconstitution.D. They were laws that limited the rights of black South Africans. Round 75 to the nearest hundredth cuales son los nucleo del sujeto en esta oracion?El proyecto es difcil, sin embargo es posible intentarlo.