Oceanic Anoxic Events (OAEs) represent brief periods of burial of large amounts of organic carbon in the oceans during Cretaceous time. Burial of organic carbon, which preferentially sequestered isotopically lighter carbon during OAEs, resulted in positive δ 13C excursions of 2–3‰ recognizable in global ocean. These deposits are typically dark–grey to black shales, considered to be the result of interaction between extreme warm climate, ocean circulation, high bioproductivity and organic carbon preservation. Less interest has been given to periods between OAEs, when oxic deep sea deposits such as red marls and red shales were deposited during mid- and Late Cretaceous. The latter deposits are associated with very low content of organic carbon and oxic depositional environments which dominated western Tethys in post Turonian time, up to the early Eocene. Feedbacks among geochemical cycles in response to decreasing global temperatures, increasing deep ocean circulation forced by high-latitude deep water formation along the Antarctic margin, and widening and deepening of the interconnections between the oceanic basins may have been responsible for the major paleoceanographic change from deposition of organic carbon-rich black shales during mid-Cretaceous, to world-wide deposition of Cretaceous Oceanic Red Beds (CORBs) in the Late Cretaceous. The presence of CORBs sandwiched between mid-Cretaceous OAEs may reflect major climate and paleoceanographic changes. In a contrast to extremely warm climates during the OAEs, the CORBs suggest cold periods, and therefore oscillating climate shifts, that have seldom been considered during modeling of Cretaceous greenhouse climate and global carbon cycling.
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