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 Arab members of OPEC responsible for the 1973 oil crisis inadvertently gave the rest of the world a life-saving head start in the struggle to avoid, or at least mitigate, the threat of ...

HEALDSBURG, Calif. (CBS.MW) -- As the price of crude oil keeps rising toward $40 a barrel and beyond, it has become increasingly clear that the world is heading toward a major oil crisis -- in ...

World oil production today is 50 percent higher than it was in 1973. Also, the crisis prompted efforts to find and develop other power sources, from natural gas to wind to solar. The U.S. is less ...

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 ...

Needless to say, the similarities with the first oil crisis in 1973 will suggest to many that a new oil price spike will occur, but this is not your father’s (or mother’s) oil crisis.

UPI delivers the latest headlines from around the world: Top News ... Oil and Economic Crisis. Events of ... The fuel shortage which started in 1973 was only half of the energy crisis story.

Why oil prices spiralled in 1973, plus Amoco Cadiz, one of the world’s largest oil spills. Homepage. Accessibility links. Skip to content; ... Marking 50 years since the 1973 global oil crisis.

As a result, according to the World Bank, the elementary school enrollment rates in Iraq and Iran, which were less than 60% before the oil crisis, rose to about 80% in the 1980s.

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 ...