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

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 ...

During a meeting with city officials today, Butler set up an oil conservation program. His immediate step will be to order that the thermostats in all public buildings here be turned no higher than 72 ...

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.

The price of olive oil has shot up over the last two years, with figures from market insight firm, Y Charts, reporting a record high of 10281.37 USD per metric tonne, in January 2024. So, what caused ...

The real nail in the coffin came in 1973, when OPEC oil suppliers imposed an oil embargo on the United States, essentially tripling the price of oil. U.S. automakers were forced to respond by ...

Empty highways - Arte documentary about oil shock in Germany The Western world is heading into a deep economic crisis, but on November 25, 1973, the West German streets are in a festive mood. The ...

The oil crisis and the resulting market economy contributed to the relief of the poor that could not be realized by Nasser's socialism." The literacy rates in the Arab world stagnated again in the ...

Senator Sheldon Whitehouse (D-RI) discussed the 50th anniversary of the 1973 oil crisis and the current need for climate legislation at an event held at the Watson Institute for International and ...