News

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 last time there was a crisis this serious in the Middle East, during the Arab-Israel war of 1973, the rest of the world ...
The failure in 1973 to return to convertibility, or hold the exchange rate, at a 42.22nd of a gold ounce, rattled currency ...
Who would have thought that oil would become the most powerful impetus for the development of wind energy in the 20th century ...
Confidence in the silverback is shuttering and investors are desperate for alternatives. The data is clear. The US dollar ...
It always seems inappropriate for writers to be focusing on the economic and financial impact of conflicts such as the ...
If oil prices rise and stay elevated, consumers will seek better options. Could it accelerate the shift to electric vehicles?
Future conflicts may be decoupled from oil shocks, giving Western powers more freedom to engage politically in the region ...
Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...
The last energy crisis happened for a few reasons. Everyday folks could afford new energy-hungry conveniences like air ...
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 ...