Although the current Mideast crisis appears similar to the 1973 events that caused the first Oil Crisis, ... but demand for OPEC oil nevertheless dropped by half in the early 1980s which served as ...

Though not the exact same dynamics, the current increase in gas prices does hold some similarities to the oil crisis of 1973. That year, OPEC’s Arab countries declared an embargo against several ...

Though not the exact same dynamics, the current increase in gas prices does hold some similarities to the oil crisis of 1973. Though not the exact same dynamics, ...

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) ...

What do you remember of the 1973 oil crisis? In 1973, the members of Organization of Arab Petroleum Exporting Countries or the OAPEC (consisting of the Arab members of OPEC, plus Egypt,Syria and ...

Senator Sheldon Whitehouse (D-RI) discussed the 50th anniversary of the 1973 oil crisis and the current need for climate legislation at an event held at the Watson Institute for International and ...

OPEC then reduced production by 5 percent per month until the embargo ended in March of 1974. For the past forty years, OPEC has controlled the geopolitical equation. Every president since Richard ...

In 1973, the Arab members of OPEC imposed an oil embargo on the United States and several other countries in retaliation for supporting Israel in the Yom Kippur War. This supply constraint caused ...

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on ...

OPEC first flexed its muscles effectively in 1973. It controlled more than half of total oil supply and several of its Arab members shook the world with an embargo amid the Yom Kippur War.