Topic: Oil and the affects of increased consumption by competing economies.

A. Intro

1. International Oil Regime
2. Major Producers

B. Wars and Inflation

1. Oil Embargo
2. 1973 October War
3. Inflation

C. Economic growth

1. Asian Giants India and China
2. Increased demand for oil by both nations
3. Increased prices equal less economic growth
4. Stagflation

E. Conclusion

Paper should just desrcribe mainly the scarce oil reserves and the rise in oil prices. paper should include 4 citations per page.