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Of course, Iraq had broader political and regionaL objectives, but its most immediate and pressing concern was to loosen the economic and financial noose that was threatening strangulation. Low oil prices, technicaI limitations on arrent oil output and financial constraints on the investments required to reclaim or expand productive capacity were causing intractable probIems for the government and severe hardship for the population. President Saddam Hussain was finding himself pushed further and further into a corner and tried to get out of it by invading Kuwait. This behaviour was utterly unacceptable and rightly condemned by the international community. But for the purposes of this anaIysis it is relevant to recall that oil was an integral part of the story. [post_title] => The First Oil War: Implications of the Gulf Crisis in the Oil Market [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => the-first-oil-war-implications-of-the-gulf-crisis-in-the-oil-market [to_ping] => [pinged] => [post_modified] => 2016-02-29 13:47:43 [post_modified_gmt] => 2016-02-29 13:47:43 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.oxfordenergy.org/wpcms/publications/the-first-oil-war-implications-of-the-gulf-crisis-in-the-oil-market/ [menu_order] => 0 [post_type] => publications [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 28139 [post_author] => 1 [post_date] => 1990-01-01 00:00:18 [post_date_gmt] => 1990-01-01 00:00:18 [post_content] => The Gulf crisis has thrown into sharp relief matters of key concern to national, regional and global security. It has refocused political attention and jerked nations out of an earlier complacency regarding such varied but key issues as the Palestinian question, energy security and the development process. It occurs in a new global context of changed East-West relations, and historic developments in the Soviet Union and Eastern Europe. With political will, it could be the catalyst for accelerated action on another issue of global concern: the environment. 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The issues which provided Iraq with the pretext for its invasion of Kuwait were oil pricing policies and oiI revenues. Of course, Iraq had broader political and regionaL objectives, but its most immediate and pressing concern was to loosen the economic and financial noose that was threatening strangulation. Low oil prices, technicaI limitations on arrent […]
By: Leonie Archer
The Gulf crisis has thrown into sharp relief matters of key concern to national, regional and global security. It has refocused political attention and jerked nations out of an earlier complacency regarding such varied but key issues as the Palestinian question, energy security and the development process. It occurs in a new global context of […]
By: Leonie Archer
Contents 1. World Aircraft: Some Facts and Figures – 1990-2020 1.1 The Current Fleet: 1990 1.2 The Medium Term: 1990 – 2000 1.3 The Longer Term: 2000 – 2010 1.4 Congestion in the Skies and on the Ground 2. Fuel Consumption and Emission Rates 2.1 Pollution Species, Current Law and Standards 2.2 Measuring […]
By: Leonie Archer
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