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The Chrysler Bailout of 1979: A RetrospectiveThe rise in energy prices was partly due to the Iranian Revolution and the resulting 1979 energy crisis, which caused a drop in the global supply of crude oil. This created a chain reaction ...
It has been 50 years since the Arab oil embargo and the ensuing crisis ... bumpy energy road was unfolding before the world — a road that got bumpier with the Iranian Revolution of 1979.
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