Last Updated on June 30, 2025 by Matt Staff The 1970s oil crisis hit everyone with the gravity of an empty-tank warning light ...

Who would have thought that oil would become the most powerful impetus for the development of wind energy in the 20th century ...

The last energy crisis happened for a few reasons. Everyday folks could afford new energy-hungry conveniences like air ...

Fears about supply, demand, profits and supply chains all combine into a volatile mix that delivers prices that are often higher in a crisis, but also change more rapidly and by larger amounts.

If oil prices rise and stay elevated, consumers will seek better options. Could it accelerate the shift to electric vehicles?

Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, ...

In 1973, the world experienced a major turning point in automotive history. The Organization of Petroleum Exporting Countries (OPEC) decided to tighten the flow of oil to the United States, triggering ...

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 ...

And a ‘large disruption’ – featuring a supply fall of 6 million to 8 million bpd (like the drop seen in the 1973 Oil Crisis) – would push the oil price up 56-75%.

But there isn't even the slightest hint of a domestic energy crisis, especially when compared to actual crises that occurred in 1973, 1979 and 2022, Gregory Nemet, professor of public affairs at ...

Consider the numbers. Roughly 20% of the world’s daily oil supply – 20 million barrels accounting for nearly 30% of world oil trade – flows through the Strait of Hormuz, the narrow chokepoint ...

In 1973, in the face of a debilitating energy crisis, President Richard M. Nixon lit a National Christmas Tree sporting just a single light.