The failure in 1973 to return to convertibility, or hold the exchange rate, at a 42.22nd of a gold ounce, rattled currency ...

Gas prices today can often drive motorists crazy. However, back in the 1970s, there was a shortage of gas to go around.

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

Conflict in the Middle East often stokes fears of an energy crisis. The Arab-Israeli War of 1973 led to an oil embargo that caused calamitous shortages of gasoline in the United S ...

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 ...

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 year 1973 was full of change and entirely groovy. The U.S. pulled out of Vietnam, Roe v. Wade shook up the courts, and ...

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 ...

Soon thereafter, the oil crisis of 1973 sent once-stable gasoline prices climbing. LeMenager uses “petro-melancholia” to describe this grieving for the dream of what oil promised.

An Oklahoma Department of Transportation worker applies new speed limits to existing signs along area highways on Dec. 13, 1995. A federal law enacted during the energy crisis of the 1970s had ...

In 1973, in the face of a debilitating energy crisis, President Richard M. Nixon lit a National Christmas Tree sporting just a single light — and asked Congress to grant him authority to curtail ...

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 percent.