Sentences with phrase «arab oil embargo»

That may seem counterintuitive given that smartphones, Internet access and ubiquitous pay TV didn't exist in the era of Watergate and the Arab oil embargo.

U.S. energy independence is a slogan, which was first heard in 1973 in response to the Arab oil embargo.

I can remember when (not to reveal my age), no one would seriously consider owning a Toyota or a Datsun, except as a second car for the spouse that needed to commute long distances during the Arab oil embargo.

The export ban is a relic of a previous era, put in place around the time of the 1973 Arab oil embargo against the U.S., when Washington thought very differently about ensuring America's energy needs.

Then the 1973 Arab Oil Embargo hit, as Arab oil producers cut off exports to the U.S. in a political move against U.S. support for Israel.

America inches from energy independence for the first time since the Arab oil embargo!

That group is made up of 28 member nations, and was formed in the wake of the Arab oil embargo in 1973.

«It's those kinds of restrictions that in the end affect American credibility, and in the moment when we have to put through an important policy, makes it much more difficult to negotiate,» Pascual said at a Senate Energy and Natural Resources Committee hearing Thursday called to build support for ending the ban in place since the 1970s Arab oil embargo.

Coal is usually a very cheap source of energy as demonstrated by the chart found at (29) with a high average cost of $ 50.92 per short ton (2000 pounds) for a brief period in 1975 (remember the Arab oil embargo of 1973 - 74) to a cost of $ 18.34 per short ton as of 2004.

In the early 1970s, in the wake of the Arab oil embargo, Gremban headed research and development of the Sebring - Vanguard Citicar, an early neighborhood electric vehicle.

Petroleum markets saw sharp increases in prices and supply shortages twice during the 1970s, first during the Arab Oil Embargo and then during the Iranian Revolution and Iran / Iraq war, which discouraged further petroleum - fired capacity additions.

In 1973, they set their clocks one hour ahead of the rest of the East Coast, moving to year - round daylight savings time, to try to save energy during the Arab oil embargo.

The Arab oil embargo and an inflation rate topping 10 percent contributed to the rise of a new bear market.

In October came the Arab Oil Embargo.

After the Arab oil embargo of 1973 and the 1979 fuel crises, a majority of American FR vehicles (station wagons, luxury sedans) were phased out for the FF layout — this trend would spawn the SUV / van conversion market.

Early1970s: Spurred by the Arab oil embargo, GM again works on a battery / electric Corvair but determines it isn't feasible, largely due to the limits of onboard electronics.

Reston, Va — Outsiders are still coming here to see one of the nation's first solar - powered elementary schools, built in the energy - conscious era following the 1973 Arab oil embargo.

Adjusting for inflation, gasoline is cheaper today than it was before the Arab oil embargo.

In the early 1970s, declining domestic production and America's ever increasing thirst for oil made dependency on imports a necessity, whilst the OPEC Revolution and the 1973 Arab oil embargo seemed to also make dependency a serious threat to national security.

At the Washington Energy Conference of 1974, convened in the wake of the first Arab oil embargo, Secretary of State Henry Kissinger prevailed on Saudi Arabia to buy U.S. arms and Treasury bonds, and to invest its «petrodollar» profits back in Western banks.

Taking the dollar off of the gold standard along with the Arab Oil Embargo sent it plunging and the U.S. needed something to replace it.

Not exact matches

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for U.S. support of the Israeli military.

Earlier the Arabs had imposed an oil embargo to protest our friendly policy toward Israel.

When the oil embargo was lifted, the Arabs justified the rise in prices of crude oil by pointing out that inflation increased the cost of goods they had to buy from the industrial nations.

We have seen what the Arab countries can do with the threat of oil embargoes.

In the aftermath of the Arab - OPEC oil embargo in 1973 - 74, there was a lot of interest in energy in this country.

The US supplied arms to the Israelis and Arab nations responded with the OAPEC coordinated oil embargo against the West (Merrill 2007), resulting in long queues for petrol, fuel rationing and the exhaustion of national reserves.

Although the need for a reserve had been recognized for decades, it was the 1973 - 74 oil embargo by Arab nations — which significantly affected the nation's economy — that led to its creation in 1975.

At the time of the Arab oil export embargo in the 1970s, the importing countries were beginning to ask themselves if there were alternatives to oil.