The embargo led to long gas lines and shaped U.S. foreign policy to this day. However, the world energy market has changed dramatically over the... Forty years ago this week, the U.S. was hit by an ...
Today's stock market is so overvalued that it won't take much of a piece of straw to break the camel's back - much less an economic or geopolitical shock from the Middle East. Compare the stock market ...
The shocks to oil prices created by the Arab oil embargo in 1973 and the revolution in Iran in 1979 had far reaching consequences that still affect investor thinking today. Analyzing the aftermath of ...
(Reuters) - U.S. dependence on foreign oil has nearly doubled since the first Arab oil embargo in 1973, according to government data. President Bush is seeking ways to reduce foreign oil imports to ...
Those among us who muddled through the Arab oil embargo of 1973 can probably recall a lot of the stress they endured as they worried where their next tank of gasoline was coming from. The embargo ...