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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 ...
The 1973 Arab oil embargo was one of the defining moments of modern history. To many, it foretold a new age of limited growth and American retreat. In truth, it demonstrated the ability of free ...
Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other big oil importers. Saudi King Faisal and other Arab ...
Forty-nine years ago this week, Oct. 19, 1973, the Organization of Arab Petroleum Exporting Countries imposed an oil embargo against the United States. It was in retaliation for the U.S. decision ...
The global economy isn’t about to suffer another Arab oil embargo that would triple the price of a barrel of crude. Yet, it would be a mistake to downplay the chances that the world faces higher ...
The attack on Israel on the 50th anniversary of the Yom Kippur War should remind us of another anniversary: the 1973 Arab oil embargo. The war began on Oct. 6, and the Organization of the ...
The U.S. strike on Iran's nuclear site raises fears of a new oil crisis. Here's how the S&P 500 reacted during past energy ...
WASHINGTON — 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.
You may recall the 1973-74 Arab oil embargo, and not favorably. The United States learned a lesson from the embargo and took steps toward becoming energy independent. Now that Russia has decided ...
Compare the stock market’s valuation today with where it stood in October 1973, when that year’s Arab oil embargo was instituted. As you can see from the accompanying chart, ...