Price oil in terms of a fixed amount of gold
Time: Sep, 1971
Place: Vienna, Austria
Details: In September 1973, President Nixon said, "Oil without a market, as Mr. Mossadegh learned many, many years ago, does not do a country much good", referring to the 1951 nationalization of the Iranian oil industry, but between October 1973 and February 1974 the OPEC countries raised by posted price fourfold to nearly $12. Because oil was priced in dollars, oil producers' real income decreased when the dollar started to float free of the old link to gold. In September 1971, OPEC issued a joint communiqué stating that from then on, they would price oil in terms of a fixed amount of gold.
Best-effort ordering. Some events may appear out of order since many are only known to the year, but they are usually around the same period.
Related
Near
1973 oil crisis-OPEC makes a full 14.5 percent price increase for 1979 effective on April 1
Monday Mar 26, 1979 - Vienna, Austria
1973 oil crisis-Study of supply and demand in relation to possible production controls
Friday Sep 13, 1974 - Vienna, Austria
1973 oil crisis-OPEC discusses raising prices to offset the decline of U.S. dollar value
Friday Mar 16, 1973 - Vienna, Austria
1973 oil crisis-OPEC oil ministers agree to use oil weapon in Arab-Israeli War
Wednesday Oct 17, 1973 - Vienna, Austria
1973 oil crisis-" a complete and total embargo "
Wednesday Feb 3, 1971 - Vienna, Austria
1973 oil crisis-OPEC moves to prevent companies whose interests were nationalized in Iraq
Friday Jun 9, 1972 - Vienna, Austria
1973 oil crisis-OPEC Gulf Six decides to raise the posted price of marker crude from $5.12 to $11.65 per barrel
Saturday Dec 22, 1973 - Vienna, Austria
1973 oil crisis-Effective OPEC
1970 - Vienna, Austria
1973 oil crisis-OPEC approves the plan providing for 25 percent government ownership of all Western oil interests operating
Friday Oct 27, 1972 - Vienna, Austria
1973 oil crisis-Arab oil ministers decide to end most restrictions on exports of oil to the United States
Jun, 1974 - Vienna, Austria
1973 oil crisis-OPEC decides on a 14.5 percent price increase for 1979
Tuesday Dec 18, 1979 - Vienna, Austria
1973 oil crisis-OPEC prices reunified at $12.70 per barrel as Saudi Arabia and UAE fall into line
1977 - Vienna, Austria
1973 oil crisis-OPEC threatens "appropriate sanctions"
Saturday Mar 11, 1972 - Vienna, Austria
1973 oil crisis-OPEC raises prices on average of 15 percent
Tuesday Jun 26, 1979 - Vienna, Austria
1973 oil crisis-All except Libya
Monday Mar 18, 1974 - Vienna, Austria
1973 oil crisis-OPEC directs members to negotiate price increases to offset the devaluation of the U.S. dollar
Wednesday Sep 22, 1971 - Vienna, Austria
1973 oil crisis-OPEC announces a 15 percent increase in government per barrel revenues as of October 1
Wednesday Sep 24, 1975 - Vienna, Austria
1973 oil crisis-OPEC goes to two-tier pricing
Jan, 1977 - Vienna, Austria
1973 oil crisis-Eight OPEC countries raise posted prices by 11.9 percent
Friday Jun 1, 1973 - Vienna, Austria
1973 oil crisis-Iran and Saudi Arabia block efforts of OPEC price hawks to fix the price of OPEC oil in a currency more stable than the U.S. dollar
Jun, 1978 - Vienna, Austria
1973 oil crisis-OPEC decides to freeze prices until April 1
Monday Jan 7, 1974 - Vienna, Austria
1973 oil crisis-Gasoline shortage/world oil glut
1979 - Worldwide
Beethoven-His Most Perfect Single Work
Friday Nov 14, 1828 - Vienna, Austria
The Holocaust-100,000 Austrian Jews had left the country
May, 1939 - Austria
Unification of Italy-The Congress of Vienna restored the pre-Napoleonic patchwork of independent governments
Jun, 1815 - Vienna, Austria
The Holocaust-Adolf Eichmann was put in charge of the Central Agency for Jewish Emigration in Vienna
Aug, 1938 - Vienna, Austria
Mozart-The Abduction from the Harem
Tuesday Jul 16, 1782 - Burgtheater, Vienna, Austria
Napoleon-Imperial Government secretly decided on another confrontation against the French
Wednesday Feb 8, 1809 - Austria
Anna May Wong-Operetta
1920s - Vienna, Austria
Beethoven-The Ninth Symphony
Friday May 7, 1824 - Vienna, Austria
Georg Reutter Birth
Friday Nov 3, 1656 - Vienna
German revolutions of 1848–1849-Austria was the predominant German state
1846 - Central Europe (Present-Day Austria)
Beethoven-Compositional Drop
1813 - Vienna, Austria
Beethoven-War Reached Vienna
1809 - Vienna, Austria
Beethoven-Writing the Erocia
1803 - Vienna, Austria
German revolutions of 1848–1849-Austrian troops opened fire on unarmed demonstrators
Wednesday Aug 23, 1848 - Central Europe (Present-Day Vienna, Austria)
Great Depression-Creditanstalt becomes insolvent
Monday May 11, 1931 - Vienna, Austria
The Holocaust-Germany annexed Austria
Saturday Mar 12, 1938 - Austria
Beethoven-Resurgence
1819 - Vienna, Austria
Beethoven-Studying In Vienna
1800s - Vienna, Austria
German revolutions of 1848–1849-Revolution in Vienna was a catalyst to revolution throughout the German states
Mar, 1848 - Central Europe (Present-Day Austrian Empire)
Beethoven-Leaving for Vienna
1792 - Vienna, Austria
Libraries-Austrian National Library
1368 - Vienna, Austria
Holy Roman Empire-Battle of Vienna
1683 - Vienna, Austria, Holy Roman Empire
Beethoven-Deafness Beginning
1798 - Vienna, Austria
Ottoman Empire-Battle of Vienna
Sunday Sep 12, 1683 - Vienna
Ottoman Empire-Siege of Güns
Friday Aug 5, 1532 - Austria, and Hungary
Napoleon-Napoleon married Marie Louise
Sunday Mar 11, 1810 - Augustinian Church, Vienna, Austria
Chernobyl disaster-The second reports on Chernobyl; INSAG-7
1992 - Vienna, Austria
Beethoven-Falling in Love
May, 1799 - Vienna, Austria
John F. Kennedy-Khrushchev meeting
Sunday Jun 4, 1961 - Vienna, Austria
Carlos Slim-Telekom Austria
Wednesday Apr 23, 2014 - Vienna, Austria
Mozart-Mozart marries Constanze
Sunday Aug 4, 1782 at 09:03:00 PM - St Stephen’s Cathedral, Vienna, Austria
Beethoven-First Performance in Vienna
1795 - Vienna, Austria
Beethoven-The Secod Symphony
1802 - Vienna, Austria
Mozart-Collaboration with Da Ponte
Oct, 1785 - Vienna, Austria
Beethoven-Winning a Piano Duel
1799 - Vienna, Austria
Beethoven-Vienna Statue
1880 - Vienna, Austria
Beethoven-Attracting recognition
1807 - Vienna, Austria
World War II-Bulgaria and Yugoslavia signed the Tripartite Pact
Mar, 1941 - (Present Day Vienna, Austria)
Mozart-His first son and the tragedy
Tuesday Jun 17, 1783 at 02 PM - Vienna, Austria
Chernobyl disaster-The reports on Chernobyl; INSAG-1
Friday Aug 29, 1986 - Vienna, Austria
Ottoman Empire-Suleiman the Magnificent failed to take Vienna
Friday Sep 27, 1529 - Vienna
Plague-The Great Plague of Vienna
1679 - Austria
Mozart-Working as the Kammermusicus to the Emperor’s court
Oct, 1787 - Vienna, Austria
Anton Teyber Birth
Wednesday Sep 8, 1756 - Vienna
Beethoven-The Recipient of the Für Elise
1810 - Vienna, Austria
Beethoven-The Pathétique
1799 - Vienna, Austria
Joseph I Habsburg Birth
Tuesday Jul 26, 1678 - Vienna
Napoleon-Vienna fell for the second time in four years
Saturday May 13, 1809 - Vienna, Austria
Mozart-Mozart's last opera
Friday Sep 30, 1791 - Theater auf der Wieden, Vienna
Beethoven-Last Public Appearance as a Soloist
May, 1814 - Vienna, Austria
Charles II Brith
Monday Jun 3, 1540 - Vienna
Beethoven-Inflammatory Fever
Oct, 1816 - Vienna, Austria
Ignaz von Seyfried Birth
Thursday Aug 15, 1776 - Vienna
Battle of Mohcs
Sunday Aug 29, 1526 - the Hungarian Empire
Beethoven-Patrons
1803 - Vienna, Austria
German revolutions of 1848–1849-The citizens of Vienna returned to the streets
May, 1848 - Central Europe (Present-Day Vienna, Austria)
Beethoven-The Creatures of Prometheus
1801 - Vienna, Austria
Beethoven-Bedridden
Apr, 1825 - Vienna, Austria
Mozart-Becoming a Freemason
Tuesday Dec 14, 1784 - Vienna, Austria
Beethoven-Back to Work
Jun, 1813 - Vienna, Austria
Mozart-Mozart meets Haydn
1784 - Vienna, Austria
Mozart-Mozart wins a duel against Clementi
Monday Dec 24, 1781 - Vienna, Austria
Adolf Hitler-Homeless
1909 - Vienna, Austria-Hungary, Austria
Mozart-Mozart resigns
Monday Jun 8, 1778 - Vienna, Austria
Beethoven-Death
Monday Mar 26, 1827 - Vienna, Austria
Beethoven-Beethoven Expected to Return to Bonn
1794 - Vienna, Austria
Beethoven-Egmont
1809 - Vienna, Austria
Andreas Anton Schmelzer Birth
Wednesday Nov 26, 1653 - Vienna
Beethoven-Publishing the Erocia
1806 - Vienna, Austria
Mozart-A new baby and a new house
Tuesday Sep 21, 1784 - Vienna, Austria
Carlos the Jackal-OPEC Attack
Sunday Dec 21, 1975 - Vienna, Austria
Mozart-Mozart meets Beethoven
Tuesday Apr 7, 1778 - Vienna, Austria
Ferdinand IV Birth
Thursday Sep 8, 1633 - Vienna
German revolutions of 1848–1849-The citizens of Vienna had demonstrated against the emperor's actions
Oct, 1848 - Central Europe (Present-Day Vienna, Austria)
Napoleon-Congress of Vienna declared Napoleon an outlaw
Monday Mar 13, 1815 - Vienna, Austria
Josip Broz Tito-Stayed with his older brother Martin and his family
Oct, 1912 - Vienna, Austria-Hungary
Mozart-Going to Vienna for the first time
Oct, 1762 - Vienna, Austria
German revolutions of 1848–1849-Ferdinand issued two manifestos on May and June
1848 - Central Europe (Present-Day Vienna, Austria)
September 1971
Microprocessor-TMS 1802NC
Friday Sep 17, 1971 - Dallas, Texas, U.S.
Communist insurgency in Sarawak-The official date of the formation of the party to coincide with the Pontianak Conference
Sunday Sep 19, 1971 - Malaysia
1973 oil crisis-OPEC directs members to negotiate price increases to offset the devaluation of the U.S. dollar
Wednesday Sep 22, 1971 - Vienna, Austria
1971
Xanana Gusmão-Gusmão Completed His National Service
1971 - Timor-Leste
Mobile Phones-The First automatic analog Cellular Systems
1971 - Tokyo, Japan
Mobile Phones-ARP System
1971 - Finland
Josip Broz Tito-Re-elected as President of Yugoslavia by the Federal Assembly for the sixth time
1971 - Yugoslavia
Computer-The First single-chip microprocessor
1971 - U.S.
Patch Adams-Adams earned his Doctor of Medicine in 1971
1971 - Virginia, United States
First Sudanese Civil War-Joseph Lagu Formed a Successful Coup d'état against Gordon Muortat
1971 - Southern Sudan
Muhammad Yunus-Returning home
1971 - Bangladesh
Martin Bormann-The West German Government Declared That Its Hunt For Bormann Was Over
1971 - West Germany
Microprocessor-Pico Electronics and General Instrument (GI) Introduced Their First Collaboration In ICs
1971 - Pennsylvania, U.S.
Nike, Inc.-The Relationship between BRS and Onitsuka Tiger Was Nearing an End
1971 - Oregon, U.S.
Muhammad Yunus-Obtaining His PhD In Economics
1971 - Nashville, Tennessee, U.S.
Microprocessor-Intel's Version of The 1201 Microprocessor arrived
1971 - California, U.S.
Muhammad Yunus-He published the Bangladesh Newsletter
1971 - Nashville, Tennessee, U.S.
Linux-Unix Release
1971 - New Jersey, U.S.
Computer animation-Metadata
1971 - Toronto, Canada
Meditation-Claudio Naranjo's Meditation
1971 - Chile
Jimmy Carter-Governor of Georgia
Tuesday Jan 12, 1971 - Georgia, U.S.
Donald Trump-The Trump Organization
1971 - New York, U.S.
1973 oil crisis-" a complete and total embargo "
Wednesday Feb 3, 1971 - Vienna, Austria
Thanksgiving-Columbus Day
1971 - U.S.
New York Stock Exchange-NASDAQ was founded and competes with the NYSE as the world's first electronic stock market
Monday Feb 8, 1971 - New York City, New York, U.S.
Patch Adams-Patch and friends founded the Zanies
Feb, 1971 - Hillsboro, West Virginia, U.S.
1973 oil crisis-Nixon imposed a price ceiling on oil in 1971
1971 - U.S.
1973 oil crisis-Tehran Price Agreement of 1971
Sunday Feb 14, 1971 - Tehran, Iran
New York Stock Exchange-Non-profit corporation was formed
Thursday Feb 18, 1971 - New York City, New York, U.S.
Ted Kaczynski-Kaczynski moved to Lombard
1971 - Chicago, Illinois, United States
1973 oil crisis-Algeria nationalizes 51 percent of French oil concessions
Feb, 1971 - Algeria
Indira Gandhi-Indian General election
Sunday Feb 28, 1971 - India
Microprocessor-Delivering The First Production Units of The 4004 To Busicom
Mar, 1971 - Japan
Prince Charles-The Royal Air Force College Cranwel
Monday Mar 8, 1971 - Royal Air Force, Cranwell, England
Muhammad Ali Clay-1st Fight against Frazier
Monday Mar 8, 1971 - Madison Square Garden, New York, U.S.
Holy Roman Empire-Roman-German Empire
1971 - (then Germany)
Igor Stravinsky-Stravinsky was taken to the Hospital
Thursday Mar 18, 1971 - New York, U.S.
Igor Stravinsky-Stravinsky moved into a Newly Furbished Apartment
Monday Mar 29, 1971 - 920 Fifth Avenue, New York, New York, U.S.
1973 oil crisis-The agreement raises posted prices of oil delivered to the Mediterranean from $2.55 to $3.45 per barrel
Friday Apr 2, 1971 - Tripoli, Libya
Igor Stravinsky-The Edema Returned
Sunday Apr 4, 1971 - 920 Fifth Avenue, New York, New York, U.S.
Igor Stravinsky-Death
Tuesday Apr 6, 1971 at 05:20:00 AM - 920 Fifth Avenue, New York, New York, U.S.
Freddie Mercury-Mercury chose the name "Queen" for the new band
1971 - England, United Kingdom
Stan Lee-Anti drugs Awareness
1971 - Manhattan, New York, U.S.
Johan Cruyff-The European Cup
Wednesday Jun 2, 1971 - London, England
Nike, Inc.-The Swoosh Was First Used by Nike
Friday Jun 18, 1971 - U.S.
Jimmy Hoffa-Resignation
Saturday Jun 19, 1971 - Washington D.C.,U.S.
Red Dog (Pilbara)-Birth
1971 - Paraburdoo, Western Australia
Elon Musk-Birth
Monday Jun 28, 1971 - Pretoria, South Africa
Mobile Phones-Readycall
Jul, 1971 - London, England
KFC-Heublein
Jul, 1971 - Connecticut, U.S.
Louis Armstrong-Death
Tuesday Jul 6, 1971 - Manhattan, New York, U.S.
Jimmy Carter-Georgia Human Rights Council
Thursday Jul 8, 1971 - Columbus, Georgia, U.S
Zayed bin Sultan Al Nahyan-The Abu Dhabi Fund For Arab Economic Development
Thursday Jul 15, 1971 - Abu Dhabi, United Arab Emirates
Pelé-Last International Match
Sunday Jul 18, 1971 - Rio de Janeiro, Brazil
First Sudanese Civil War-1971 Sudanese Coup d'état
Monday Jul 19, 1971 - Khartoum, Sudan
KFC-First in New Zealand
1971 - Royal Oak, Auckland, New Zealand
International Monetary Fund-Nixon Shock
1971 - U.S.
Xanax-Xanax Patented
1971 - Michigan, U.S.
1973 oil crisis-President Richard Nixon orders 90-day nationwide freeze on all wages, prices, salaries and rents
Sunday Aug 15, 1971 - U.S.
Bernard Arnault-Graduation
1971 - Palaiseau, France
Microprocessor-TMS 1802NC
Friday Sep 17, 1971 - Dallas, Texas, U.S.
Communist insurgency in Sarawak-The official date of the formation of the party to coincide with the Pontianak Conference
Sunday Sep 19, 1971 - Malaysia
1973 oil crisis-OPEC directs members to negotiate price increases to offset the devaluation of the U.S. dollar
Wednesday Sep 22, 1971 - Vienna, Austria
Richard Branson-Branson was questioned in connection with the selling of records declared export stock
1971 - London, England, United Kingdom
Richard Branson-The Manor Studio
1971 - Oxford, England, United Kingdom
1973 oil crisis-US had information
1971 - U.S.
United Nations-Chinese seat on the Security Council
Monday Oct 25, 1971 - U.S.
3D printing-Johannes F Gottwald patented the Liquid Metal Recorder
1971 - Alexandria, Virginia, U.S.
Bernard Arnault-After Graduation
1971 - France
Xerox-Archie McCardell was named president of the company
1971 - New York, U.S.
Xerox-David T. Kearns as a Xerox executive
1971 - U.S.
1973 oil crisis-U.S. Phase II price controls begin
Nov, 1971 - U.S.
Microprocessor-The First Commercially Available Microprocessor
Monday Nov 15, 1971 - California, U.S.
Zayed bin Sultan Al Nahyan-The Presidency of The UAE
Thursday Dec 2, 1971 - United Arab Emirates
Zayed bin Sultan Al Nahyan-Supreme Commander of The Armed Forces
Thursday Dec 2, 1971 - United Arab Emirates
Indira Gandhi-The Indo-Pakistani War
Thursday Dec 2, 1971 - India – Pakistan
Ted Bundy-Ted met Ann Rule
1971 - Seattle, Washington, U.S.
1973 oil crisis-Libya nationalizes British Petroleum concession
Tuesday Dec 7, 1971 - Libya
Gita Gopinath-Birth
Wednesday Dec 8, 1971 - Kolkata, India
Disasters with highest death tolls-Hanoi and Red River Delta Flood
1971 - Vietnam
Atari, Inc.-Computer Space
Dec, 1971 - Sunnyvale, California, United States
Jimmy Hoffa-The Commutation from President Nixon Was Conditional
Dec, 1971 - U.S.
Jimmy Hoffa-Released from Prison
Thursday Dec 23, 1971 - Lewisburg, Pennsylvania, U.S.
Justin Trudeau-Birth
Saturday Dec 25, 1971 - Ottawa, Ontario, Canada
James Bond-Diamonds Are Forever
Thursday Dec 30, 1971 - United Kingdom
Vietnam War-Military Deaths In 1971
1971 - Vietnam