World Oil Spills
Dating back to 1967 lists of major oil spills around our world have been compiled by various organizations. It would be nice if there was a corresponding list of prices for a barrel of oil after each disaster.
Motives for Iraqs Invasion of Kuwait
By the eve of the Iraqi invasion, Kuwait had set production quotas to almost 1.9 million barrels per day (300,000 m3/d), which coincided with a sharp drop in the price of oil. By the summer of 1990, Kuwaiti overproduction had become a serious point of contention with Iraq.
Some analysts have speculated that one of Saddam Hussein’s main motivations in invading Kuwait was to punish the ruling al-Sabah family in Kuwait for not stopping its policy of overproduction, as well as his reasoning behind the destruction of said wells.