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  2. 1980s oil glut - Wikipedia

    en.wikipedia.org/wiki/1980s_oil_glut

    The 1980s oil glut was a significant surplus of crude oil caused by falling demand following the 1970s energy crisis.The world price of oil had peaked in 1980 at over US$35 per barrel (equivalent to $129 per barrel in 2023 dollars, when adjusted for inflation); it fell in 1986 from $27 to below $10 ($75 to $28 in 2023 dollars).

  3. Penn Square Bank - Wikipedia

    en.wikipedia.org/wiki/Penn_Square_Bank

    The bank was founded in 1960 and was located in the rear of the Penn Square Mall [2] in Oklahoma City. The bank made its name in high-risk energy loans during the late 1970s and early 1980s Oklahoma and Texas oil boom. Between 1974 and 1982, the bank's assets increased more than 15 times to $525 million and its deposits swelled from $29 million ...

  4. OKC's development has the vibe of the '80s oil boom. Are we ...

    www.aol.com/okcs-development-vibe-80s-oil...

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  5. Oil in Oklahoma - Wikipedia

    en.wikipedia.org/wiki/Oil_in_Oklahoma

    From 1907 to 1930, Oklahoma and California traded the title of number one US oil producer back and forth. [1] Oklahoma oil production peaked in 1927, at 762,000 barrels/day, and by 2005 had declined to 168,000 barrels/day, but then started rising, and by 2014 had more than doubled to 350,000 barrels per day, the fifth highest state in the U.S. [2]

  6. Jude & Jody's furniture store, after 60 years, goes the way ...

    www.aol.com/jude-jodys-furniture-store-60...

    "The Jude 'n' Jody Show" was a spinoff from the Mathis Brothers' "Country Social" on 1960s local Oklahoma City television ... even during the 1980s oil bust when the family had to draw on savings ...

  7. Historic downtown Oklahoma City building purchased, will be ...

    www.aol.com/historic-downtown-oklahoma-city...

    2000: Robinson Renaissance LLC acquires it for $4.425 million amid the first rush of local investment downtown since the 1980s oil bust. 2014 : The Commissioners of the Land Office buys the ...

  8. 1980–1989 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/1980–1989_world_oil...

    Indications of a world oil glut lead to a rapid decline in world oil prices early in 1982. OPEC appears to lose control over world oil prices. March: Damascus closes Iraq's 400,000 bbl/d (64,000 m 3 /d) trans-Syrian oil export pipeline to show support for Iran. March 11: U.S. boycotts Libyan crude. May 24:Iran recaptures Khorramshahr.

  9. Why nearly $1M in annual prison payments to city of Hinton ...

    www.aol.com/why-nearly-1m-annual-prison...

    Faced with population decline and economic despair at the height of the 1980s oil bust, the Hinton Economic Development Authority issued public bonds in 1989 to build a 500-bed, privately owned ...