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30 Αυγ 2010 · After decades of abundant supply and growing consumption, Americans now faced price hikes and fuel shortages, causing lines to form at gasoline stations around the country.
13 Μαΐ 2021 · The events of the past week echo crises that swept the country in the 1970s, when gas shortages led to demand spikes that only exacerbated the situation.
16 Οκτ 2023 · The 1973 oil embargo shook the global energy market. It also reset geopolitics, reordered the global economy, and introduced the modern energy era. The crisis and the iconic photographs of angry motorists fuming in gas lines are often evoked when oil and gasoline prices spike.
The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices.
13 Μαΐ 2021 · Nearly a half-century before the Colonial Pipeline outage, two gas shortages in the 1970s shocked the American psyche.
22 Νοε 2013 · From the vantage point of policymakers in the Federal Reserve, the 1973-74 oil crisis served to further complicate the macroeconomic environment, particularly in regard to inflation.
From 1970, members of the Organisation of the Petroleum Exporting Countries (OPEC) took control of production away from the mainly US-based international oil companies (IOCs), and raised prices.
