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Context of 'November 2002: 51% of World’s Oil Will Come from OPEC by 2025, Says DOE'

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Organization of Arab Petroleum Exporting Countries (OPEC) announces five percent cutbacks for all members on oil exported to the United States and the Netherlands in a meeting held in Kuwait. This event ushers in the era of “oil as a weapon” in foreign policy utilized by Arab powers. Protesting the US and the Netherlands’ support of Israel in the on-going Yom Kippur War, OPEC sets the tone for other Arab and Muslim nations. [New York Times, 10/18/1973, pp. 1]

Entity Tags: Organization of Petroleum Exporting Countries

Timeline Tags: Global Economic Crises

The US Department of Energy launches the Solar Energy Research Institute (SERI)‘s National Renewable Energy Laboratory (NREL), a facility dedicated to harnessing power from the sun. [US Department of Energy, 2002 pdf file]

Entity Tags: National Renewable Energy Laboratory, US Department of Energy, Solar Energy Research Institute

Timeline Tags: US Solar Industry

The US Department of Energy’s Energy Information Administration (EIA) forecasts that in 2025, 51 percent of world oil production will come from OPEC. And two-thirds of OPEC’s production will be coming from the Persian Gulf. According to EIA, OPEC production now accounts for 38 percent of global oil production. [New York Times, 12/26/2002]

Entity Tags: Energy Information Administration, US Department of Energy, Organization of Petroleum Exporting Countries

Timeline Tags: Events Leading to Iraq Invasion, Peak Oil

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