jan 1, 1969 - Cheap oil
Description:
Over 25 years after World War II, global oil consumption grows by 5½ times, much of it cheap oil from the Mideast12 nations form OPEC to control oil prices and payments to producing countries / 1969
The petroleum based energy sources specially from the middle east became the primary source of fuel significantly under cutting the biofuel production
Added to timeline:
Date:
jan 1, 1969
Now
~ 55 years ago
