50 Years After the Oil Embargo Crisis of 1973, No American Policy for Energy Independence
By Ronald Stein, P.E.
Published April 21, 2023
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) and other Arab oil-producing nations was imposed in response to the United States’ support of Israel during the Yom Kippur War.
The embargo led to a sharp increase in oil prices and a shortage of fuels for the military, airlines, ships, and vehicles in the United States and other countries, as well as a shortage of products from oil.
Few may remember the long lines at gas stations which were one of the most visible effects of the oil embargo. In some cases, people waited for hours to fill up their tanks. The shortage of oil also led to price increases, and many people were forced to make sacrifices to conserve fuel.
The oil embargo of 1973 was a major event in the history of the United States. It led to a recession in the United States and other countries. It also led to thoughts of a needed energy policy in the United States. The United States began to develop alternative sources for oil and for electricity, such as solar and wind power.
https://heartland.org/opinion/50-years-after-the-oil-embargo-crisis-of-1973-no-american-policy-for-energy-independence/
