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 ...

Turkey’s decision to cancel the 1973 pipeline agreement with Iraq, retroactive to July 2022, signals a deliberate effort to reshape the terms of northern oil exports on its own terms. Far from a ...

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

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, ...

I am sufficiently old — and then some, distressingly — to remember 1973. Among the prominent memories of that year were the large international price increases for oil, the long lines at gasoline ...

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 ...

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 ...

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 ...