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  2. 1970s energy crisis - Wikipedia

    en.wikipedia.org/wiki/1970s_energy_crisis

    The crisis began to unfold as petroleum production in the United States and some other parts of the world peaked in the late 1960s and early 1970s. [3] World oil production per capita began a long-term decline after 1979. [4] The oil crises prompted the first shift towards energy-saving (in particular, fossil fuel-saving) technologies. [5]

  3. 1970–1979 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/1970–1979_world_oil...

    Involves gradual 28 month increase of "old" oil price ceilings, and slower rate of increase of "new" oil price ceilings. June 26–28 : OPEC raises prices average of 15 percent, effective July 1. Oct : Buy-Sell Program sales average more than 400,000 bbl/d (64,000 m 3 /d) from October 1979 through March 1980 - highest level since February 1976 ...

  4. 1973 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1973_oil_crisis

    This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. West Texas Intermediate oil price history from 1950–2000, adjusted for inflation (1947 prices) In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the ...

  5. Chronology of world oil market events - Wikipedia

    en.wikipedia.org/wiki/Chronology_of_world_oil...

    Indications of a world oil glut lead to a rapid decline in world oil prices early in 1982. OPEC appears to lose control over world oil prices. March: Damascus closes Iraq's 400,000 bbl/d (64,000 m 3 /d) trans-Syrian oil export pipeline to show support for Iran. March 11: U.S. boycotts Libyan crude. May 24:Iran recaptures Khorramshahr.

  6. 15 Things from the 1970s Worth a Ton of Money - AOL

    www.aol.com/15-things-1970s-worth-ton-180031653.html

    Sold for: $7,200 The 1970 Donruss Odder Odd Rods Wax Box is a nostalgic gem for collectors of vintage non-sports trading cards. Packed with quirky charm, the set features vibrant, cartoonish ...

  7. War in Israel, oil shocks, and roaring inflation, Deutsche ...

    www.aol.com/finance/war-israel-oil-shocks...

    "The most obvious parallel between the 2020s and the 1970s has been the surge in energy prices, particularly that of oil," according to Allen. The 1970s saw two major oil price shocks caused by ...

  8. Another '70's flashback: The meat crisis - AOL

    www.aol.com/news/2008-10-15-another-70s...

    Prices in restaurants are rising across the spectrum, from top-notch eateries to fast food chain Wendy's, which has raised the price of its quarter pound burger by 4-8 cents in the past year.

  9. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...

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