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By 1973, on the eve of the crisis, total oil imports had reached 34% of consumption, much of it from an increasingly volatile Middle East.
Ed Karrens: The fuel shortage which started in 1973 was only half of the energy crisis story. Blackouts and brownouts were a definite possibility if people didn't conserve electricity.
The Israel-Hamas conflict has revived memories of the Yom Kippur War that sparked the 1973 oil crisis. Deutsche Bank’s strategists even warned this week that the odds of 1970s-style stagflation ...
The International Energy Agency, which was formed in the wake of the 1973 oil crisis to ensure a stable worldwide energy market, said that the repercussions of Russia’s invasion of Ukraine were ...
WASHINGTON — Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher.
In 1973, in the face of a debilitating energy crisis, President Richard M. Nixon lit a National Christmas Tree sporting just a single light.
Stories about fuel economy and gas shortages became common in late 1973 and early 1974. At that time, it was a shock when gas prices climbed to 55 cents per gallon.
The Soviet Union was one of the 20th century’s greatest superpowers, but beneath its surface, a silent economic crisis brewed — driven largely by its reliance on oil. This video dives into how ...
Freelance photographer David Falconer was tasked with shooting the oil crisis, and chose Oregon and Washington as his setting. We reproduce the best of his photos here.
Fifty years after the 1973 Arab oil embargo, the fallout from the Israel-Hamas war has the potential to disrupt global supplies and raise gas prices.
Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the ...