Linseed oil fire hazard because they provide a large surface area for oxidation of the oil, which oxidises quickly. The oxidation of linseed oil is an exothermic reaction, which accelerates as the temperature of the rags increases. When heat accumulation exceeds the rate of heat dissipation into the environment, the temperature increases and may eventually become hot enough to make the rags spontaneously combust. In 1991, One Meridian Plaza, a high rise in Philadelphia, was severely damaged and three firefighters perished in a fire thought to be caused by linseed oil-soaked rags. Linseed oil Linseed oil, also known as flaxseed oil or
World oil market chronology from 2003 two major oil suppliers reducing supply generated fears of a repeat of the 1973 oil crisis. The mid-July decision of Saudi Arabia to increase oil output caused little significant influence on prices. According to the oil minister of the Islamic Republic of Iran, Gholam-Hossein Nozari, the world markets were saturated and a Saudi promise of increased production would not lower prices. Several Asian refineries were refusing Saudi petroleum in late June because they were over priced grade. On July 3, "the Brent North Sea crude contract for August delivery rose to $US145.01 a barrel" in Asian trade. London Brent crude