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Crisis of confidence. The OPEC oil cartel announced another oil price increase that sent prices skyrocketing and led to severe shortages, long lines and short tempers. . Iran Hostage crisis. 1951 Iranian parliament unanimously voted to nationalize the oil industry BP would lose millions - PowerPoint PPT Presentation

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Page 1: Crisis of confidence
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CRISIS OF CONFIDENCE

The OPEC oil cartel announced another oil price increase that sent prices skyrocketing and led to severe shortages, long lines and short tempers.

Page 5: Crisis of confidence

1951Iranian parliament

unanimously voted to nationalize the oil industry

BP would lose millionsMohammad Reza

PahlaviShah of Iran 1953

IRAN HOSTAGE CRISIS

Page 6: Crisis of confidence

IRAN HOSTAGE CRISIS

Slide show

http://www.time.com/time/photogallery/0,29307,1872024_1826082,00.html
Page 7: Crisis of confidence

IRAN HOSTAGE CRISIS

Video clip

http://www.youtube.com/watch?v=kA0F_86i_YQ

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