It was a desire to keep the oil cartel's market power in check during the oil-price shocks of the 1970s that led western oil companies, denied access to the bounties of the Gulf, to begin extracting oil from the North Sea, Alaska, the Gulf of Mexico and elsewhere.
For example, if you're a curly, you might want to check out coconut oil to use as a conditioner, Reeves said, in an effort to rebuild the hair and get a softer texture.
In 1978, tired of working on the family ranch and planning to get married, Lewis took a job with Stampede Energy, driving 300 miles a day to check gauges on oil and gas wells.
For all you Peak Oil enthusiasts out there, check out this alarmist op-ed by Jeremy Leggett (The Next Crisis: Peak Oil) on the Forbes.com opinion channel.
Well he was a relatively senior businessman in his earlier incarnation (that said, he self-deprecatingly and amusingly pointed out that he was the only innumerate treasurer of one of the UK's biggest companies, and his employer, Enterprise Oil, paid someone to check all his numbers).
They may be tempted to go it alone and pump even more oil in order to keep prices in check before a rise in seasonal demand.
ECONOMIST: Disharmony at OPEC breeds uncertainty over the oil price
Check out the action in the U.S. Oil Fund (USO), which tracks the movement of crude prices.
For travellers who drive more than fly, lower oil prices should also help keep trip costs in check.
Then it imposed price controls on oil (and most other things) to try to check the inflation.
Oil prices could peak in the near term as high prices put a check on demand growth and supply continues to be constrained.
FORBES: Oil Prices Close To Peak As High Prices Destroy Demand
The UN has around 150 international observers in Iraq, who travel across the country visiting food warehouses and other installations to check on the implementation of the UN's humanitarian programme, under which Iraq is allowed to sell oil in exchange for food, medicine and other vital supplies.
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