Sentences with phrase «oil embargo hit»

Then the 1973 oil embargo hit and things got real weird real fast.

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.

Not exact matches

Once the marketplace discovered this was unsustainable (USA hitting peak in 1970 and the oil embargo at the same time), all the efficiencies were put into place and energy waste was reduced so that we have assumed a much less than exponential increase regime since that time.