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 in an ultimately unsuccessful attempt to recover t...

Oil crisis, a sudden rise in the price of oil that is often accompanied by decreased supply. Since oil provides the main source of energy for advanced industrial economies, an oil crisis can endanger economic and political stability throughout the global economy.

2023年10月16日 · 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. But those dramatic events have retained a wider imminence and relevance.

石油危机（Oil Crisis）为世界经济或各国经济受到石油价格的变化的影响，所产生的经济危机。 1960年9月石油输出国组织（OPEC）成立，主要成员包括伊朗、伊拉克、科威特、沙特阿拉伯和南美洲的委内瑞拉等国，而石油输出国组织也成为世界上控制石油价格的 ...

As a result of the 1973 crisis many nations created strategic petroleum reserves (SPRs), crude oil inventories (or stockpiles) held by the governments of particular countries or private industry, for the purpose of providing economic and national security during an energy crisis.

The 1973-74 “energy crisis” is a key moment in U.S. political, cultural, and economic history, and a central chapter in the history of the global oil economy. Press coverage of OPEC’s actions and of dwindling U.S. oil reserves prompted widespread political …

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%

The 1973 crisis was more severe than the crisis of 1979. Both crises led to reduced regulations to expand domestic oil production. Free Response Questions. Explain how the Organization of the Petroleum Exporting Countries (OPEC) was successful in its oil embargo in 1973. Analyze the impact of price controls on the 1970s oil crisis in the United ...

2013年11月22日 · On October 19, 1973, immediately following President Nixon’s request for Congress to make available $2.2 billion in emergency aid to Israel for the conflict known as the Yom Kippur War, the Organization of Arab Petroleum Exporting Countries (OAPEC) instituted an oil embargo on the United States (Reich 1995).

2022年3月1日 · The objective of this study is to examine the OPEC Oil Price Shock Crisis impact to United States of America. The concept of national interest is used to support the action of...