EIA Forecast: 1.4 million barrel per day (mb/d) decrease by 2017. The 1973 Oil Embargo was 1.2 mb/d. Trend is for 1.3 to 2 times the harm of the 1973 Oil Embargo. Following is an effort to explain why ...

LONDON (Reuters) - Saudi Arabia has no intention of unleashing a 1973-style oil embargo on Western consumers and will isolate oil from politics, the Saudi energy minister said on Monday amid a ...

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 ...

User-Created Clip by tgrane September 22, 2017 2015-10-08T17:18:02-04:00 https://ximage.c-spanvideo.org ...

Agence France Press notes that in a tight oil market a successful attack on a major oil installation would have major repercussions. Consider this: On February 24, Saudi security forces foiled an ...

Because of the oil embargo in 1973, President Nixon had announced policies aimed at curbing our energy use. One of them asked service stations to close on Sundays to discourage traveling. For many, ...

Voters are demanding short-term price relief, and temporary price controls may be the only viable way to provide it ...

The U.S. Strategic Petroleum Reserve (SPR) was created in 1975 by the Energy Policy and Conservation Act, signed into law by President Gerald Ford. It was established in response to the 1973-1974 oil ...

Who would have thought that oil would become the most powerful impetus for the development of wind energy in the 20th century ...

Russian deputy prime minister Alexander Novak suggested there would be “catastrophic consequences for the global market” if the United States and other Western nations decided to ban imports of ...

The Israel-Hamas war could cause significant disruptions to the global oil market, similar to the 1973 Oil Crisis. Iran may retaliate through oil embargoes or attacks on key oil facilities, which ...