By 1973, on the eve of the crisis, total oil imports had reached 34% of consumption, much of it from an increasingly volatile Middle East.

As a result of the 1973 fuel crisis, stricter emissions requirements, and a changing consumer climate, American cars were getting smaller by the mid-to-late 1970s.

Although the current Mideast crisis appears similar to the 1973 events that caused the first Oil Crisis, many things have changed so that a repeat is unlikely.

The last energy crisis happened for a few reasons. Everyday folks could afford new energy-hungry conveniences like air ...

America continues to increase its energy dependence on China for “green”, and on OPEC and Russia for oil. The oil embargo of 1973 imposed by the Organization of Petroleum Exporting Countries (OPEC) ...

People form a long line near Daimaru Peacock Store in Osaka to purchase rolls of toilet paper amid the oil crisis, in this November 1973 file photo. (Mainichi) By Keiko Sakai, Professor, Chiba ...

What Europe Can Learn From the 1973 Oil Shock Building an economy that is both green and resilient requires EU-wide solidarity.

In the 1970s Arab oil producing nations cut shipments to punish America and other countries that supported Israel in the Yom Kippur war. This sent prices sharply higher.

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the ...

As a result of the 1973 fuel crisis, stricter emissions requirements, and a changing consumer climate, American cars were getting smaller by the mid-to-late 1970s.