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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 ...
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.
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 ...
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.
Senator discusses 1973 oil crisis, modern-day polarization around climate change with political science professor Jeff Colgan During the oil crisis, companies chose to take advantage of their ...
In 1973, Arab oil-producing countries launched an export embargo in response to U.S. support for Israel during the Yom Kippur War. The subsequent energy crisis sparked a burst of development that ...
With this month marking 50 years since the 1973 oil crisis, Deutsche Bank on Monday highlighted several similar indicators in present macroeconomic conditions to that time. In October 1973, the ...
The 1973 embargo, initiated by Arab oil producers in response to Western support for Israel during the Yom Kippur War, resulted in a quadrupling of oil prices and a severe economic downturn in ...