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  2. 1973 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1973_oil_crisis

    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 ...

  3. 1970s energy crisis - Wikipedia

    en.wikipedia.org/wiki/1970s_energy_crisis

    The 1973 oil crisis was a direct consequence of the US production peak in late 1960 and the beginning of 1971 (and shortages, especially for heating oil, started from there). The "embargo" as described below is the "practical name" given to the crisis.

  4. 1973–1975 recession - Wikipedia

    en.wikipedia.org/wiki/1973–1975_recession

    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.

  5. List of economic crises - Wikipedia

    en.wikipedia.org/wiki/List_of_economic_crises

    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"

  6. ‘Everybody looks back at the oil crisis of 1973, but this is ...

    www.aol.com/finance/everybody-looks-back-oil...

    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 ...

  7. 1970–1979 world oil market chronology - Wikipedia

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

    December 9: Arab oil ministers announce a further production cut of 5 percent for January for non-friendly countries. December 22: OPEC Gulf Six decides to raise the posted price of marker crude from $5.12 to $11.65 per barrel effective January 1, 1974. December 25: Arab oil ministers cancel January 5 percent production cut. Saudi Arabian oil ...

  8. Why do we have right-on-red, and is it time to get rid of it?

    www.aol.com/finance/1970s-oil-crisis-created...

    In America, barreling through red lights on right turns has become a rule of the road. You’re likely to get honked at if you don’t speed through fast enough.

  9. Oil crisis - Wikipedia

    en.wikipedia.org/wiki/Oil_crisis

    Oil crisis or oil shock may refer to: Abadan Crisis ("Iran Oil Crisis") of 1951–1954, nationalization, coup, and de-nationalisation in Iran; 1970s energy crisis. 1973 oil crisis, the first worldwide oil crisis, in which prices increased 400%; 1979 oil crisis, in which prices increased 100%; 1990 oil price shock (the "mini oil-shock"), in ...