Arab Oil Embargo Precipitates Energy Crisis
At a glance:
- Series: Great Events: 1900-2001
- Categories: Diplomacy, International Relations, Foreign Affairs, Economics, Natural Resources
- Subcategories: Trade, Commerce, Embargoes, Sanctions, Energy, Fuel, Power Sources
- Curriculum: American History 1951-present, Middle Eastern History
- Geographical Location: Middle East, United States
- Date: October, 1973-March, 1974
Article abstract: Most of the oil-producing nations of the Middle East temporarily reduced their production, and some countries completely cut off oil supplies to the United States.
Oil as a Weapon
During the middle of the twentieth century, production of electrical energy was doubling about every ten years. As Western Europe, Japan, and the United States increased production of goods, they also increased their use of energy. Countries in Africa and Asia began building their own factories, adding to the world demand for energy.
In the early...
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