Best Oil history

The founding of OPEC (1960)

OPEC has been based in Vienna since 1965.

OPEC’s output dropped to levels not seen since 1969, causing widespread discontent among the member states and plunging many, including Nigeria and Venezuela, into near bankruptcy.

On October 16, 1973, OPEC member states agreed to raise the price of oil by a staggering 70% to US$5.11 a barrel.

Saudi Aramco reverts to state ownership (1980)

According many oil and natural industry experts, energy educators, and policy makers, if time allows you reading only one book about petroleum history, it should be this 1991 best seller by journalist Daniel Yergin.

When you listen to various oil experts today arguing that US$75 is a fair price to pay for a barrel of oil, you can’t help wondering why the same people weren’t calling for $75 oil during mid-2008 when the oil price hit $147.27 a barrel.

Brice in 2009 published his comprehensive biography of Edwin L. Drake, the man who launched the United States petroleum industry when the Titusville well produced a small amount of oil from 69.

Anomalies was released March 1, 2017, as part of the AAPG 100th anniversary.

Published in 2019, Breaking the Gas Ceiling: Women in the Offshore Oil and Gas Industry offers personal accounts from an expanding group of petroleum pioneers – women who work offshore.

The American Energy Society selected Daniel Yergin the Energy Writer of the Year 2020 for his book The New Map: Energy, Climate, and the Clash of Nations.

The nation’s history is a the history of modern energy production and consumption, according to the University of Pittsburgh Press, which in January 2021 published The Extraction State, A History of Natural Gas in America.