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
Adding to the turmoil, the OPEC
oil embargo in 1973
sent crude prices higher, further hurting U.S. consumers who also battled with the devaluation of the U.S. dollar.
After I
sent an
embargoed version of the S.M.U. paper to Craig Pearson, a seismologist who works for the Railroad Commission of Texas (RRC)-- the state agency that regulates
oil and gas — he responded with a statement saying the research raised «many questions with regard to its methodology, the information used and conclusions it reaches.»