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Oil and natural gas reserves Source: Mary Brooks and Kabir Kumar, http://people.brandeis.edu/~maryeliz/. The Drake Well, Titusville, Pennsylvania, 1858 (claims to be the first modern oil well ) Image source: http://www.drakewell.org/shop/cat5/pages/p0017.html.
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Oil and natural gas reserves Source: Mary Brooks and Kabir Kumar, http://people.brandeis.edu/~maryeliz/
The Drake Well, Titusville, Pennsylvania, 1858 (claims to be the first modern oil well ) Image source: http://www.drakewell.org/shop/cat5/pages/p0017.html
Nobel Brothers Oilfield, Baku, Russian Empire (now in Azerbaijan), 1800s Image source: http://azer.com/aiweb/categories/magazine/ai102_folder/102_articles/102_oil_chronology.html
Well No. 1, Masjid Sulaiman, Anglo-Persian Oil Company, Iran, 1908 Image source: http://www.geoexpro.com/history/iran
H.M.S. Queen Elizabeth, 1915: The first generation of all-oil naval ships Image source: http://en.wikipedia.org/wiki/Queen_Elizabeth_class_battleship
Mohammad Mossadeq, prime minister of Iran, 1951 “Feet first into chaos?” Source: Time, June 4, 1951, http://www.time.com/time/covers/0,16641,19510604,00.html
Mohammad Mossadeq, prime minister of Iran, 1952 “Man of the Year: He oiled the wheels of chaos.” Source: Time, January 7, 1952, http://www.time.com/time/covers/0,16641,19520107,00.html
Shah Mohammad Reza Pahlavi “The Emperor of Oil” (1974) Source: Time, November 4, 1974, http://www.time.com/time/covers/0,16641,19741104,00.html
OPEC meeting, Tehran, Iran, 1973 Source: http://www.opec.org/opec_web/en/50th_anniversary/697.htm
Price of a barrel of oil, 1861-2008 Source: Michael Ross, The Oil Curse (Princeton, 2012), p. 51.
“The Dutch Disease” Source: The Economist, November 26, 1977, p. 82.
“The Dutch Disease” Source: Foreign Affairs, Vol. 60, No. 4, 1982, pp. 814-835.
“The Dutch Disease” Source: Foreign Affairs, Vol. 60, No. 4, 1982, pp. 814-835.