Americans suffered a collective shock—to both their wallets and mindsets—when, in October 1973, oil-producing Arab states initiated an oil embargo of the United States and a few other countries for ...
The month-long closure of a crucial waterway for the global energy supply has sparked warnings the world is heading for problems worse than those caused by the 1970s oil crisis. Lars Jensen, a ...
Luzerne County Community College President John Yudichak remembers his father ripping out the electric system in the family ...
WASHINGTON — The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are once again surging in the wake of war in the Middle East, driving up the cost of gasoline, diesel ...
Add Yahoo as a preferred source to see more of our stories on Google. Could the current oil and gas crisis rival the 1973 OPEC oil embargo and 1979 Iranian Revolution? ABC News’ Linsey Davis gets ...
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Iran war: Is another 1970s‑style oil crisis looming?
Since the Iran war began, the surge in oil prices has stirred memories of the dramatic oil shocks of 1973 and 1979. In 1973, oil-producing Arab countries imposed an embargo against Western nations to ...
The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on. Rocket trails seen in the sky above the Israeli coastal ...
The war in Iran could usher in a wave of nuclear reactor construction similar to the one that followed the 1970s energy ...
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