Sentences with phrase «embargoing oil exports»

The recession of 1973 - 1975 in the U.S. came about because of rocketing gas prices caused by OPEC's raising oil prices as well as embargoing oil exports to the U.S..

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The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for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

However, based on past experience, the 1973 - 74 oil embargo, the oil industry will find a way to re-route traffic, such that neither exports from Venezuela nor imports to the U.S. are affected.

Congress is considering lifting a ban on oil exports in place since the OPEC oil embargo of the 1970s.

The U.S. has banned most exports of crude since the 1973 oil embargo.

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.

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

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.