FEATURES Oil Crises

Human conflicts cause most disruptions in world oil supply. The most significant disruption was caused by the Iranian Revolution of 1978-1979, which cut the worldwide flow by 5.6 million barrels a day for six months. Here are the biggest dips measured in millions of barrels lost per day:

Nov. 1956-March 1957Suez Crisis 2
June 1967-Aug. 1967 Six-Day War 2
Oct. 1973-March 1974Arab-Israeli War 4.3
Nov. 1978-April 1979Iranian Revolution 5.6
Oct. 1980-Jan.1981 Iran-Iraq War 4.1
Aug. 1990-Jan. 1991 Gulf Crisis 4.3
June 2001-July 2001 June 2001-July 2001 2.1
Dec. 2002-March 2003 Venezuelan Strike 2.6
March 2003-Dec. 2003 War in Iraq 2.3

Source: International Energy Agency

Post a Comment

To post a comment, you must provide a name and a valid e-mail address. Messages must be limited to 400 words. By using this Service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although Government Executive does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.

FEATURES Oil Crises
*
*
*