
CORD-19:99878b27abf822d05c58aca2be825dd6652e9551 / 50828-51142
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The 1979 oil crisis following the downfall of the Shah in Iran and its aftermath were elements included in Shell scenario thinking from March, 1976, and the emergence of a 'Hard Times' scenario (March 1981) anticipating economic slowdown and the drop in oil prices (Jefferson, 2012, 193; Chermack, 2017, 100-101) .
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The 1979 oil crisis following the downfall of the Shah in Iran and its aftermath were elements included in Shell scenario thinking from March, 1976, and the emergence of a 'Hard Times' scenario (March 1981) anticipating economic slowdown and the drop in oil prices (Jefferson, 2012, 193; Chermack, 2017, 100-101) .
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The 1979 oil crisis following the downfall of the Shah in Iran and its aftermath were elements included in Shell scenario thinking from March, 1976, and the emergence of a 'Hard Times' scenario (March 1981) anticipating economic slowdown and the drop in oil prices (Jefferson, 2012, 193; Chermack, 2017, 100-101) .