An overview of the impact of the OPEC crisis that began in 1999.
Written in 2002; 1,150 words; 5 sources; $ 44.95
Paper Summary:
This paper looks at the current OPEC crisis began in 1999, when OPEC cut production, leading to a tripling in oil prices over the last year -- the highest level since the Gulf War. This sent prices of US gasoline soaring, and lead some experts to suggest that a shortage might occur this summer as Western took to the roads.
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