Linseed oil linoleum. After its invention in 1860 by Frederick Walton, linoleum, or 'lino' for short, was a common form of domestic and industrial floor covering from the 1870s until the 1970s when it was largely replaced by PVC ('vinyl') floor coverings. However, since the 1990s, linoleum is on the rise again, being considered more environmentally sound than PVC. Linoleum has given its name to the printmaking technique linocut, in which a relief design is cut into the smooth surface and then inked and used to print an image. The results are similar to those obtained by woodcut printing. Raw cold-pressed linseed
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