News

In October 1973, members of the Organization of Petroleum Exporting Countries (OPEC), led by Saudi Arabia, proclaimed an oil embargo. The express purpose of the embargo was to punish nations ...
In 1973, Arab OPEC producers led by Saudi Arabia imposed an oil embargo on the United States in retaliation for its support for Israel in the Middle East war in October of that year.
The first oil crisis (which was the Second Arab Oil Embargo) came after years of struggle between the oil companies that produced most of the oil in OPEC nations and their governments, with ...
The failure in 1973 to return to convertibility, or hold the exchange rate, at a 42.22nd of a gold ounce, rattled currency ...
Could OPEC+ issue an oil embargo or other sanctions on Israel? Technically they could, but the group operates by consensus so they would have to hold a meeting and everyone would have to agree to ...
In 1973, in the face of a debilitating energy crisis, President Richard M. Nixon lit a National Christmas Tree sporting just a single light.
How the 1973 oil embargo changed the way the U.S. thinks about energy Fifty years ago this fall, Arab members of OPEC cut off their oil exports to the United States.
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 ...
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 ...
In 1973, Arab OPEC producers led by Saudi Arabia imposed an oil embargo on the United States in retaliation for its support for Israel in the Middle East war in October of that year.
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 ...