Page 395 - Hydrocarbon Exploration and Production Second Edition
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382                                Risk Analysis for Major Capital Investments in Projects


                           110  100  90  80  70  60  50  40  30  20  10  0
                     Invasion  of Iraq                              2000-06



               Asian  financial  crisis                             1990-99
                     Iraq  invaded  Kuwait                              1945-1983 Arabian Light posted at Ras Tanura.
                                                                    1980-89
               Netback  pricing  introduced                            1861-1944 US average.  1984-2006 Brent dated.

                     Iranian  revolution                            1970-79
                        Yom Kippur  war                             1960-69  2006).  Energy




                    Suez  crisis                                    1950-59  W orld

               Loss of  Iranian  supplies                                    Review of

                     Post-war  reconstruction                       1940-49


                                                                    1930-39  BP Statistical

                     East Texas  field  discovered                  1920-29  (source:


               Growth of  Venezuelan  production  Fears of  shortage  in USA  1910-19  period



                     Discovery of  Spindletop,  Texas               1900-09  over a century



                                                                    1890-99


                     Sumatra  production  began                     1880-89  History of oil prices
             Crude oil prices 1861-2006  barrel  per  dollars  US  events  World  Russian Pennsylvanian  oil exports  oil boom  began  1870-79  1861-69  $ 2006  $ money of the day  15.20  Figure
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