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The case for Barack Obama's candidacy to the 2008 presidential election by Trisha
Debating whether global warming is a threat or just media hype by Trisha

Politics, News & Issues > Energy Issues Figuring out the truth about gas prices: 8 of 11

Resubmit: Oil Companies...The New Terrorist! Since 1993 when OPEC unleashed their embargo during the Arab-Isreali war and engineered the first violent oil rise, there have been major price pikes. After the first two oil spikes, prices eventually dropped to levels below where the rise began, and after the third they fell 75%. The 1st spike began in 1979 with the Iranian revolution, but prices did not return to pre-revolution levels until seven years later. The 2nd spike in 1990 was prompted by the Iraq invasion of Kuwait. The 3rd spike which began in early 1999, peaked in late 2000, and by ...
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