Lesson 9 Introduction

Concepts to Consider for the Lesson

Lesson 9 brings us out of the late 1960s to the early 1970s. And with that decadal change, we see significant shifts in the oil industry. We will see changes in who is producing oil, how conflict influences oil as compared to WWII where oil influenced conflict, and how the business relationship between oil exporters, oil importers, national governments, and countries changed. Of significant note in this Lesson is the onset of the Age of Shortage. No longer are we basking in a global surplus, but instead becoming increasingly vulnerable to cutoffs and shortages.

Learning Objectives

By the end of this lesson, you should be able to:

• Recall course concepts relating to OPEC and the Hydrocarbon Age
• Demonstrate an understanding of the role of oil in relation to pivotal events in history
• Discuss the role of oil in business applications, global markets, conflicts, energy security, and various unconventional applications
• Develop a proposal for the Unessay Project

What is due for Lesson 9?

This lesson will take us one week to complete. Please refer to the Course Syllabus for specific time frames and due dates. Specific directions for the assignment below can be found within this lesson.

Questions?

Each week an announcement is sent out in which you will have the opportunity to contribute questions about the topics you are learning about in this course. You are encouraged to engage in these discussions. The more we talk about these ideas and share our thoughts, the more we can learn from each other.