News

Bloomberg L.P.1y
For Oil, It’s Not 1973 Again – But It Could Still Turn Ugly
On the eve of the 50th anniversary of the world’s first oil crisis, the parallels between October 2023 and October 1973 are easy to draw: A surprise attack on Israel and oil prices rising.
City Journal1y
Lessons from the 1973 Embargo
Yet many have refused to learn the lessons of the 1973 oil embargo and the response to it. The embargo should remind the U.S. both of the need for a thriving energy market at home and of the ...
Wall Street Journal1y
Echoes of the 1973 Oil Crisis
The attack on Israel on the 50th anniversary of the Yom Kippur War should remind us of another anniversary: the 1973 Arab oil embargo. The war began on Oct. 6, and the Organization of the ...
Forbes1y
Despite Echoes Of 1973, This Is Not Your Father’s Oil Crisis
Needless to say, the similarities with the first oil crisis in 1973 will suggest to many that a new oil price spike will occur, but this is not your father’s (or mother’s) oil crisis.
Heartland2y
50 Years After the Oil Embargo Crisis of 1973, No American Policy for Energy Independence
America continues to increase its energy dependence on China for “green”, and on OPEC and Russia for oil. The oil embargo of 1973 imposed by the Organization of Petroleum Exporting Countries (OPEC) ...
Boston Herald1y
Middle East crisis could disrupt oil supplies, raise prices, but 1973-like gas pump lines unlikely
Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect a repeat of the ...
AOL1y
‘Everybody looks back at the oil crisis of 1973, but this is so different’: Experts don’t see disaster ahead—with a big if attached
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 ...
Marketplace1y
How the 1973 oil embargo changed the way the U.S. thinks about energy
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Hosted on MSN2mon
5 Of The Worst Cars Ford Made Because Of The 1973 Oil Crisis
The real nail in the coffin came in 1973, when OPEC oil suppliers imposed an oil embargo on the United States, essentially tripling the price of oil. U.S. automakers were forced to respond by ...
BBC4mon
Marking 50 years since the 1973 global oil crisis
about what happened during the 1973 crisis. Our guest Helen Thompson, Professor of Political Economy at Cambridge University, explains why oil became the lifeblood of industrial economies during ...
Hosted on MSN1mon
Saudi Oil Minister Evokes 1973 Embargo Amid OPEC+ Supply Surge
Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, drew a striking historical parallel during a virtual OPEC+ meeting, referencing the 1973 oil embargo as the group ratified its second ...
BBC4mon
The 1973 Oil Crisis
In October 1973 Arab nations slashed oil production in protest at American support for Israel during it's war against Egypt and Syria. Oil prices sky rocketed. Alex Last heard from former deputy ...