donganaaK Posted January 6, 2015 Report Posted January 6, 2015 This is referred to as the 1980's "oil glut" ... very interesting watch from 38:46 http://youtu.be/vgt1ZLDIy1M
kumar654 Posted January 6, 2015 Report Posted January 6, 2015 video play avvatledu, emayindo brief ga ikkada type chey bro. march ending varaku taggutune untayanta oil rates.
donganaaK Posted January 6, 2015 Author Report Posted January 6, 2015 video play avvatledu, emayindo brief ga ikkada type chey bro. march ending varaku taggutune untayanta oil rates. 1986 lo barrel price came down to 10$ per barrel from $30 per barrel anta mainly because of the discoveries of oil in north sea and alaska... that was like a 65% drop , because of that lot of companies went bankrupt and economy was shattered , also , the most surprising thing is that lot of places lo Fuel free ga pump chesaru anta to get rid of excessive fuel reserves ( especially around Austin area) .... there are other things the documentary explains in a nice way , watch it when possible ...
rapchik Posted January 6, 2015 Report Posted January 6, 2015 1986 lo barrel price came down to 10$ per barrel from $30 per barrel anta mainly because of the discoveries of oil in north sea and alaska... that was like a 65% drop , because of that lot of companies went bankrupt and economy was shattered , also , the most surprising thing is that lot of places lo Fuel free ga pump chesaru anta to get rid of excessive fuel reserves ( especially around Austin area) .... there are other things the documentary explains in a nice way , watch it when possible ... lol really :o
donganaaK Posted January 6, 2015 Author Report Posted January 6, 2015 lol really :o yeah , watch it from 43:37 ... there's a video clipping of a radio broadcaster saying that the price of gas is slashed to zero untill the stock ran out ..
kumar654 Posted January 6, 2015 Report Posted January 6, 2015 1986 lo barrel price came down to 10$ per barrel from $30 per barrel anta mainly because of the discoveries of oil in north sea and alaska... that was like a 65% drop , because of that lot of companies went bankrupt and economy was shattered , also , the most surprising thing is that lot of places lo Fuel free ga pump chesaru anta to get rid of excessive fuel reserves ( especially around Austin area) .... there are other things the documentary explains in a nice way , watch it when possible ... ippudu malli alanti situation ravochantava? march ending varaku down e untadanta gas rates ilane. idi over all economy ki plus eh anta except gas oil industries. travel flight rates taggutay. nuvvu oil gas industry ki pani chestava
Moon_Walker Posted January 6, 2015 Report Posted January 6, 2015 Good post. But do u think we have similar conditions now because alternate sources of energy and technology have come up so not sure how it will play up. US vaadu calm ga untaada knowing it will bankrupt economy.
Spartan Posted January 6, 2015 Report Posted January 6, 2015 ippudu malli alanti situation ravochantava? march ending varaku down e untadanta gas rates ilane. idi over all economy ki plus eh anta except gas oil industries. travel flight rates taggutay. nuvvu oil gas industry ki pani chestava ipudu radu le.. appudante demand takkuva unda batti..ala jargindi...now demand is also more...though less with proportion to supply.. but developing and energy hungry countries like India will cash it out... free ga ivvad evvad
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