While special forces launched Process_start an amphibious assault Attack from the Persian Gulf to secure Getting Basra and the surrounding Surrounding petroleum fields , the main invasion army moved Motion into southern Iraq , occupying Control the region and engaging Participation in the Battle Hostile_encounter of Nasiriyah on 23 March .

Commentators attributed Causation these price increases Cause_change_of_position_on_a_scale to many factors , including Middle East tension Hostile_encounter , soaring Motion demand Supply from China , the falling Motion_directional value of the U.S. dollar , reports Reporting showing Statement a decline Cause_change_of_position_on_a_scale in petroleum reserves , worries over peak oil , and financial speculation .

The Texas oil boom , sometimes called Name_conferral the gusher age , was a period of dramatic change Change and economic growth in the U.S. state of Texas during the early 20th century that began Process_start with the discovery of a large petroleum reserve near Beaumont , Texas .

Texas quickly became Becoming one of the leading oil producing states in the U.S. , along with Oklahoma and California ; soon the nation overtook the Russian Empire as the top producer of petroleum .

The major petroleum strikes that began Process_start the rapid growth in petroleum exploration and speculation occurred Presence in Southeast Texas , but soon reserves were found Know across Texas and wells were constructed Building in North Texas , East Texas , and the Permian Basin in West Texas .

The major petroleum strikes that began Process_start the rapid growth in petroleum exploration and speculation occurred Presence in Southeast Texas , but soon reserves were found Know across Texas and wells were constructed Building in North Texas , East Texas , and the Permian Basin in West Texas .

Pilots estimated that the Vinh raid destroyed Destroying 10 percent of North Vietnam 's entire petroleum storage , together with the destruction of or damage to 29 P-4 torpedo boats or gunboats .

The line leading to the container and petroleum port at Sjursøya is a branch of Østfold Line , and is only used Using at low speeds .

In early 1990 Iraq was accusing Kuwait of stealing Iraqi petroleum through slant drilling , although some Iraqi sources indicated Statement Saddam Hussein 's decision to attack Attack Kuwait was made a few months before the actual invasion .

Some feel there were several reasons for the Iraqi move , including Iraq 's inability to pay Commerce_pay the more than US $ 14 billion that it had borrowed to finance the Iran–Iraq War , and Kuwaiti high petroleum production levels which kept revenues down for Iraq .