(Photo by Getty Images/Bob Riha, Jr.) As the 50 th anniversary of the first major oil crisis ... 1973 and later in 1979 was two short-term, politically driven disruptions of oil supply that caused ...

exceeding the figure of 77.5 percent during the 1973 oil crisis, when oil prices soared and costs were felt in areas far from the energy sector. “Japan needs to revisit the lessons it learned ...