Search results
Results from the WOW.Com Content Network
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 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack ...
The Israel-Hamas conflict has revived memories of the Yom Kippur War that sparked the 1973 oil crisis. Deutsche Bank’s strategists even warned this week that the odds of 1970s-style stagflation ...
The 1973 and 1979 energy crisis had caused petroleum prices to peak in 1980 at over US$35 per barrel (US$129 in today's dollars). Following these events slowing industrial economies and stabilization of supply and demand caused prices to begin falling in the 1980s. [ 26 ]
Among the causes were the 1973 oil crisis, the deficits of the Vietnam War under President Johnson, and the fall of the Bretton Woods system after the Nixon shock. [2] The emergence of newly industrialized countries increased competition in the metal industry, triggering a steel crisis, where industrial core areas in North America and Europe were forced to re-structure.
In this Dec. 23, 1973, file photo, cars line up in two directions at a gas station in New York City. Right-on-red was a gas-savings tool during the 1970s oil crisis.
For premium support please call: 800-290-4726 more ways to reach us
1970s energy crisis. OPEC oil price shock (1973) Energy crisis (1979) 1972–1973 Indian economic crisis; 1973–1975 recession; Secondary banking crisis of 1973–1975, in the UK; 1979–1980 Indian economic crisis; Latin American debt crisis (late 1970s to early 1980s), the "lost decade"
The sex ratio (excess of male children born over females) reaches 106.7, the highest this century for the UK. [40] Start of Secondary banking crisis of 1973–1975. [41] Darul Uloom Bury, the UK's oldest Islamic seminary, is established. The Vindolanda tablets are discovered by Robin Birley near Hadrian's Wall.