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The prices for oil given in the first sentence seem much too high. I think the highest price was around 40$ in 1980.-- 129.70.14.128 ( talk) 23:26, 6 January 2008 (UTC)
Wikipedia:Manual of Style (dates and numbers)#Longer periods says "Decades contain no apostrophe (the 1980s, not the 1980’s)...". Wikipedia:Naming conventions#Lowercase second and subsequent words in titles says "Convention: Do not capitalize second and subsequent words unless the title is almost always capitalized in English (for example, proper names)." So I think this article should be moved to 1980s oil glut, not 1980's Oil Glut. Art LaPella ( talk) 22:43, 8 January 2008 (UTC)
I think this article needs a graph of inflation adjusted prices for the period. Looking at the graph now, it seems the major price drops happen in 1985, while the article talks about large decreases in OPEC production in the early 80s. NJGW ( talk) 17:08, 15 January 2008 (UTC)
I replaced the graph with one with Real and Nominal price of oil from 1971 to 2007. ( Halgin ( talk) 01:46, 17 January 2008 (UTC)).
I'm not familiar with this history, so I can't really add to it, but maybe someone can explain what happened more clearly in terms of over all production (including a graph). If anything, I've seen it suggested that it was demand drops (or demand growth drops) that caused price fluctuations, not necessarily over-supply problems. NJGW ( talk) 17:08, 15 January 2008 (UTC)
This sentence:
Other sources believe it was a direct action from the United States CIA Director Bill Casey's plan to push the USSR to bankruptcy by having Saudi Arabia increase their production in exchange for war planes; bringing global oil prices down and reducing the revenue of the Soviet Union derived from domestic oil production.
does not seem likely to have a reliable source. It was originally put in with a blog as a source, but I removed that and put a CN tag on it. If there is no good source for this, it needs to be deleted. I have removed the text and placed it here in case anyone wants to defend it.
NJGW (
talk)
04:33, 26 April 2008 (UTC)
Check Yegor Gaidar's Pogib Imperii (Collapse of an Empire). — Preceding unsigned comment added by 214.3.140.16 ( talk) 16:10, 23 January 2013 (UTC)
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Citation is needed on this article as to the economic and political ramifications of this so-called oil glut on Venezuela. Considering the WP article on Venezuela points to this event as the spur of their debt crisis and inflation issues and links to the one we are discussing, I would comb through the former's sources first. Also, shamefully kicking the can here, but maybe someone else can do a cursory search through WSJ's or the NYT archives or some site:.edu pieces for at least some cited evidence that can support this article's statements. We can get the ball rolling that way.. 69.125.62.77 ( talk) 17:23, 9 March 2013 (UTC)
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Hi there, the article says that the oil prices peaked in 1980. I looked at the graph provided, and it doesnt seem to be the case. I looked at the source of the graph itself, and it does not seem to be the case either. In both cases, it seemed to peak at around 1981 or so? — Preceding unsigned comment added by 118.189.190.212 ( talk) 15:23, 29 March 2020 (UTC)
![]() | A fact from 1980s oil glut appeared on Wikipedia's
Main Page in the
Did you know column on 11 January 2008, and was viewed approximately 2,746 times (
disclaimer) (
check views). The text of the entry was as follows:
| ![]() |
![]() | A fact from this article was featured on Wikipedia's Main Page in the On this day section on January 28, 2019 and January 28, 2021. |
![]() | This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||
|
The prices for oil given in the first sentence seem much too high. I think the highest price was around 40$ in 1980.-- 129.70.14.128 ( talk) 23:26, 6 January 2008 (UTC)
Wikipedia:Manual of Style (dates and numbers)#Longer periods says "Decades contain no apostrophe (the 1980s, not the 1980’s)...". Wikipedia:Naming conventions#Lowercase second and subsequent words in titles says "Convention: Do not capitalize second and subsequent words unless the title is almost always capitalized in English (for example, proper names)." So I think this article should be moved to 1980s oil glut, not 1980's Oil Glut. Art LaPella ( talk) 22:43, 8 January 2008 (UTC)
I think this article needs a graph of inflation adjusted prices for the period. Looking at the graph now, it seems the major price drops happen in 1985, while the article talks about large decreases in OPEC production in the early 80s. NJGW ( talk) 17:08, 15 January 2008 (UTC)
I replaced the graph with one with Real and Nominal price of oil from 1971 to 2007. ( Halgin ( talk) 01:46, 17 January 2008 (UTC)).
I'm not familiar with this history, so I can't really add to it, but maybe someone can explain what happened more clearly in terms of over all production (including a graph). If anything, I've seen it suggested that it was demand drops (or demand growth drops) that caused price fluctuations, not necessarily over-supply problems. NJGW ( talk) 17:08, 15 January 2008 (UTC)
This sentence:
Other sources believe it was a direct action from the United States CIA Director Bill Casey's plan to push the USSR to bankruptcy by having Saudi Arabia increase their production in exchange for war planes; bringing global oil prices down and reducing the revenue of the Soviet Union derived from domestic oil production.
does not seem likely to have a reliable source. It was originally put in with a blog as a source, but I removed that and put a CN tag on it. If there is no good source for this, it needs to be deleted. I have removed the text and placed it here in case anyone wants to defend it.
NJGW (
talk)
04:33, 26 April 2008 (UTC)
Check Yegor Gaidar's Pogib Imperii (Collapse of an Empire). — Preceding unsigned comment added by 214.3.140.16 ( talk) 16:10, 23 January 2013 (UTC)
During several automated bot runs the following external link was found to be unavailable. Please check if the link is in fact down and fix or remove it in that case!
-- JeffGBot ( talk) 01:58, 7 June 2011 (UTC)
During several automated bot runs the following external link was found to be unavailable. Please check if the link is in fact down and fix or remove it in that case!
-- JeffGBot ( talk) 01:58, 7 June 2011 (UTC)
During several automated bot runs the following external link was found to be unavailable. Please check if the link is in fact down and fix or remove it in that case!
-- JeffGBot ( talk) 01:58, 7 June 2011 (UTC)
During several automated bot runs the following external link was found to be unavailable. Please check if the link is in fact down and fix or remove it in that case!
-- JeffGBot ( talk) 01:58, 7 June 2011 (UTC)
Citation is needed on this article as to the economic and political ramifications of this so-called oil glut on Venezuela. Considering the WP article on Venezuela points to this event as the spur of their debt crisis and inflation issues and links to the one we are discussing, I would comb through the former's sources first. Also, shamefully kicking the can here, but maybe someone else can do a cursory search through WSJ's or the NYT archives or some site:.edu pieces for at least some cited evidence that can support this article's statements. We can get the ball rolling that way.. 69.125.62.77 ( talk) 17:23, 9 March 2013 (UTC)
Hello fellow Wikipedians,
I have just added archive links to one external link on
1980s oil glut. Please take a moment to review
my edit. If necessary, add {{
cbignore}}
after the link to keep me from modifying it. Alternatively, you can add {{
nobots|deny=InternetArchiveBot}}
to keep me off the page altogether. I made the following changes:
When you have finished reviewing my changes, please set the checked parameter below to true to let others know.
An editor has reviewed this edit and fixed any errors that were found.
Cheers.— cyberbot II Talk to my owner:Online 13:13, 23 February 2016 (UTC)
Hello fellow Wikipedians,
I have just modified one external link on 1980s oil glut. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
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After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than
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have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the
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source check}}
(last update: 5 June 2024).
Cheers.— InternetArchiveBot ( Report bug) 07:15, 13 January 2017 (UTC)
Hi there, the article says that the oil prices peaked in 1980. I looked at the graph provided, and it doesnt seem to be the case. I looked at the source of the graph itself, and it does not seem to be the case either. In both cases, it seemed to peak at around 1981 or so? — Preceding unsigned comment added by 118.189.190.212 ( talk) 15:23, 29 March 2020 (UTC)