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kicyunya [14]
3 years ago
14

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

History
1 answer:
dolphi86 [110]3 years ago
3 0
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 :)
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What do the Hundred Year's War and te War of the Roses have in common?
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The European wars of religion were a series of Christian religious wars which were waged in Europe during the 16th, 17th and early 18th centuries.[1][2] Fought after the Protestant Reformation began in 1517, the wars disrupted the religious and political order in the Catholic countries of Europe. However, religion was only one of the causes, which also included revolts, territorial ambitions, and Great Power conflicts. For example, by the end of the Thirty Years' War (1618–1648), Catholic France was allied with the Protestant forces against the Catholic Habsburg monarchy.[3] The wars were largely ended by the Peace of Westphalia (1648), establishing a new political order now known as Westphalian sovereignty.

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2 years ago
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