Shortages during the 1973 oil crisis in the U.S. were due to the largest integrated firms cutting refinery capacity and squeezing smaller independents. U.S. oil company profits tripled during 1973.

President-elect Donald Trump doubled down on his tariff threats Thursday night, pledging to raise tariffs on European Union nations unless they increase their purchases of American oil and gas to ...

In the first major oil shock in October 1973, triggered by the Arab oil embargo, the S&P 500 – as tracked by the Vanguard S&P 500 ETF VOO – plunged 11.3% within a month and was down 41% one ...

Trump Warns Europe Must Buy More American Oil, Gas or Face Trade Tariffs — Update Provided by Dow Jones Dec 20, 2024, 3:34:00 AM ...