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What Is Stagflation? What Causes It and What We’ve Learned from the 1970s.
Most, but not all, attribute 1970s stagflation to an oil crisis created by the Organization of the Petroleum Exporting Countries (OPEC). Indeed, in 1973, OPEC declared an oil shipping embargo on ...
Forbes1y
The 1973 Oil Crisis And The Experts’ Circular Firing Squad
(Photo by Getty Images/Bob Riha, Jr.) As the 50 th anniversary of the first major oil crisis approaches next ... began to believe that OPEC members were no longer able to hold up oil prices ...
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How the Automotive Industry Survived the 70s Oil Crisis
The oil crisis of the 1970s was a game-changer for the automotive ... the oil embargo led by the Organization of the Petroleum Exporting Countries (OPEC) deeply affected the economies of Western ...
Institute for Energy Research3d
Carter’s National Energy Plan: Never Forget, Never Again
Decentralized markets guided by scarcity pricing and profit-or-loss accounting utilize essential knowledge that is unknown to ...
CBC.ca6y
New Economic Realities
In the early 1970s, the Organization of Petroleum Exporting Countries (OPEC) established export quotas ... flourished as a result of the world oil crisis. During the 1970s, Alberta boomed as ...
Forbes1y
Fifty Years After Energy Crisis, Oil Still Has Role, Gas Critical One
Llewellyn King has been a player in the energy space since 1970. It has been 50 years since the Arab oil embargo and the ensuing crisis ... would peak in 2030. OPEC, in a separate study, said ...
Al Bawaba News4y
The History of Oil Exploration in Sudan: How It All Started
The World's Oil Crisis The oil crisis in the 1970s has led several oil companies to target the Sudanese Red Sea coast. Following Agip into the Red Sea came France's Total, Texas Eastern ...