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 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 ...

Above, an oil pumpjack in California. Then-President Richard Nixon, in a 1973 speech addressing the oil embargo, expressed the need for U.S. energy independence. Frederic J. Brown/AFP via Getty Images ...

On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.

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 1973 embargo was one of those moments when the world changed. U.S. crude oil production had peaked in 1970, starting a multidecade slide and strengthening the hands of the Arab oil producers.

It began in mid-October 1973, following the US decision to resupply Israel with weaponry after Egypt and Syria launched a surprise attack on Yom Kippur, the holiest day of the Jewish year. In response ...

The oil embargo of 1973 was a major event in the history of the United States. It led to a recession in the United States and other countries. It also led to thoughts of a needed energy policy in the ...

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.

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on ...

On Dec. 23, 1973, cars lined up in two directions at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.