X-Nico

3 unusual facts about 1980s oil glut


Miguel de la Madrid

Unlike previous Mexican leaders, he was a market-oriented President, and his time in power was one of the most difficult periods of the country because of his predecessors' policies, as well as the decreasing demand for oil.

Piazza d'Italia

Without commercial tenants to subsidize maintenance, and with dwindling city budgets increasingly constrained - first by the incremental phase out of federal government revenue sharing, then due to the regional Oil Bust of the mid- to late-1980s - the plaza rapidly deteriorated, with the fountain rarely in operation and the fanciful neon and incandescent lighting accents going unreplaced and unrepaired.

Princess Juliana International Airport

threatens to reverse the recent expansion of tourist travel by jet which began with the 1980s oil glut.



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