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40 Years After OPEC Oil Embargo Has the Problem Been Solved?
2013-10-21 20:33:14| AutomotiveDigest.com - Automotive Industry News
October 17, 2013, saw the 40th anniversary of the OPEC oil embargo. The days of 25 cents per gallon gasoline were over and the coming years would see desperate attempts to solve the problem. The second gasoline crisis in 1979 again drove up pump prices and forced drivers to wait in long lines to fill their tanks. For Keith Crain, editor-in-chief of Automotive News, it was the end of innocence when automakers had been competing to provide the biggest and best cars to drivers and mileage didnt really matter at all. In the years that followed, import cars stated being taken seriously in the Detroit 3-dominated US market. Japanese small cars provided the fuel economy. Weve seen the disruptive force of skyrocketing gasoline prices on our economy in 2008 and after. Read more about the political and economic issues impacting the future of oil prices and fuel efficient and alternative fuel vehicles.The Article 40 Years After OPEC Oil Embargo Has the Problem Been Solved? appeared first on Automotive Digest.
'It Takes A Crisis': How '73 Embargo Fueled Change In U.S
2013-10-19 05:59:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: Americans started thinking differently about U.S. dependence on imported oil 40 years ago this Sunday. Decades later, the U.S. is in the midst of a homegrown energy boom. The oil embargo began in 1973. The United States had long taken cheap and plentiful oil for granted when Saudi Arabia shocked the country by suddenly cutting off all direct oil shipments in retaliation for U.S. support of Israel. Other Arab countries followed suit. Prices soared. Gasoline lines stretched for blocks. Richard...
U.S. oil supply looks vulnerable 40 years after embargo
2013-10-19 05:01:00| Climate Ark Climate Change & Global Warming Newsfeed
USA Today: In 1973, Archie Bunker's All in the Family topped TV rankings and Tony Orlando's Tie a Yellow Ribbon 'Round the Ole Oak Tree led Billboard charts. On the economic front, the United States depended heavily on foreign oil. This year, Modern Family espouses gay marriage and Miley "twerking" Cyrus' Wrecking Ball sells big. But on energy, the U.S. still relies on imports for the same share of its petroleum use: 35%. How different are we? While the nation's social and economic fiber has changed dramatically,...
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40th Anniversary Of OPEC Embargo Highlights Continued Need For Oil Savings
2013-10-17 05:26:01| oilandgasonline News Articles
Forty years ago recently, the Organization of Arab Petroleum Exporting Countries (OPEC) restricted the United States’ access to oil -- triggering an oil crisis that caused severe economic instability but also led to the implementation of several conservation measures and public awareness campaigns that reduced our nation’s oil use.
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Fred Smith to speak on anniversary of oil embargo
2013-10-15 14:13:27| Air Courier - Topix.net
Wednesday, FedEx Corp. founder Fred Smith will deliver the opening remarks of a discussion on energy security precipitated by the 40-year anniversary of the OPEC oil embargo.
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