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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 ...
The 1973 Arab oil embargo was one of the defining moments of modern history. To many, it foretold a new age of limited growth and American retreat. In truth, it demonstrated the ability of free ...
The attack on Israel on the 50th anniversary of the Yom Kippur War should remind us of another anniversary: the 1973 Arab oil embargo. The war began on Oct. 6, and the Organization of the ...
The global economy isn’t about to suffer another Arab oil embargo that would triple the price of a barrel of crude. Yet, it would be a mistake to downplay the chances that the world faces higher ...
In 1973, Arab OPEC producers led by Saudi Arabia imposed an oil embargo on the United States in retaliation for its support for Israel in the Middle East war in October of that year.
The U.S. strike on Iran's nuclear site raises fears of a new oil crisis. Here's how the S&P 500 reacted during past energy ...
Murmurs are already there in Washington and elsewhere, of a possible Arab oil embargo. The 1973 oil shock “has disturbing parallels today,” a Wall Street Journal op-ed warned in early October.
Forty-nine years ago this week, Oct. 19, 1973, the Organization of Arab Petroleum Exporting Countries imposed an oil embargo against the United States. It was in retaliation for the U.S. decision ...
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.
Compare the stock market’s valuation today with where it stood in October 1973, when that year’s Arab oil embargo was instituted. As you can see from the accompanying chart, ...