The U.S. Strategic Petroleum Reserve (SPR) was created in 1975 by the Energy Policy and Conservation Act, signed into law by ...

Learn what embargoes are, see real-world examples, and explore their economic impacts. Discover how embargoes work and affect ...

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 ...

User-Created Clip by tgrane September 22, 2017 2015-12-16T16:47:56-05:00https://images.c-span.org/Files/799/20151216164926001_hd.jpgRepresentative Kevin Cramer (R-ND ...

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 ...