The oil shock of October 1973 is the story of America’s surrendering its energy independence, with dangerous consequences. It has disturbing parallels today. In 1960 America imported only 10% of ...

The real nail in the coffin came in 1973, when OPEC oil suppliers imposed an oil embargo on the United States, essentially tripling the price of oil. U.S. automakers were forced to respond by ...

The oil embargo of 1973 was a major event in the history of the United States. It led to a recession in the United States and other countries. It also led to thoughts of a needed energy policy in the ...

This isn’t the first energy crisis the world has faced. Try for free. Enterprise. Log in Menu. Skip to ... What can the 1973 oil shock teach us? This isn’t the first energy crisis the world ...

Fifty years ago this fall, Arab members of OPEC cut off their oil exports to the United States in retaliation for the U.S.’s support of Israel in the 1973 Mideast war.. The impact in the United ...

The real nail in the coffin came in 1973, when OPEC oil suppliers imposed an oil embargo on the United States, essentially tripling the price of oil. U.S. automakers were forced to respond by ...