The Shifting Geopolitics of Energy Fuel Choice, Supply, and Reliability in the Early 21st Century
January 1, 2001
In 1974 the United States experienced its most significant supply interruption with the cutoff of about 55 percent of the world export market. In 1990, the Iraqi invasion of Kuwait meant the loss of 13 percent of the world export market. This led to a doubling in the world oil price from July to October 1990.