1979 oil crisis in america

  • 1979 oil crisis in america

    • 1979 oil crisis in america

  • 1979 oil crisis in america
  • 1979 oil crisis in america summary
  • Effects of 1979 oil crisis
  • Arab oil embargo 1973
  • How did the 1979 oil crisis end

    • Effects of 1979 oil crisis!

    1970s energy crisis

    Subclass of energy crisis

    Real and nominal price of oil, 1968–2006.[1]

    Date1973 (1973)–1980 (1980)
    Also known as1970s oil crisis

    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.

    The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when, respectively, the Yom Kippur War and the Iranian Revolution triggered interruptions in Middle Eastern oil exports.[2]

    The crisis began to unfold as petroleum production in the United States and some other parts of the world peaked in the late 1960s and early 1970s.[3] World oil production per capita began a long-term decline after 1979.[4] The oil crises prompted the first shift towards energy-saving (in particular, fossil fuel-saving) technologies.[5]

    Th