Sentences with phrase «oil embargo in»

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

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

OPEC's oil embargo in 1973 killed the U.S. economy, turning the «significant correction» into a bear market.

Unfortunately for Chrysler, consumers and the U.S. government started seriously caring about fuel economy when OPEC enacted an oil embargo in late 1973, so the Ramcharger never had the chance to live as freely as its rivals had in the years prior.

Cast your thoughts back (if you're old enough) to the first oil embargo in 1973.

U.S. auto manufacturers dabbled in the diesel auto industry during the oil embargo in the late 1970s, when there was a strong push to bring more efficient vehicle technologies to market.

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.

Not exact matches

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..

Ever since John F. Kennedy signed Presidential Proclamation 3447 on Feb. 3, 1962, declaring «an embargo upon all trade» in response to Cuba nationalizing U.S. - owned Cuban oil refineries without compensation, Americans have been effectively blocked from doing business in the country.

If Iran and the United States finalize an agreement on the latter's nuclear enrichment program and lift an embargo against Iranian oil, we would see another increase in global supply.

The now - repealed U.S. oil export ban dated back to an era of feared fuel shortages after Arab members of OPEC imposed an embargo against the United States in retaliation for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

The Yom Kippur War between Israel and Egypt / Syria in the fall of 1973 hastened the 1970s oil crisis when OPEC declared an embargo that raised the posted price of oil from $ 3.00 a barrel to approximately $ 12 by spring of 1974.

The OPEC oil embargo quadrupled the price of oil in six months.

The Organization of Petroleum Exporting Countries began an embargo that triggered an oil crisis resulting in long gas lines across the country — if gas was available at all.

1973 - An oil embargo by the Organization of Petroleum Exporting Countries led Congress to enact a test period of year - round daylight - saving time in 1974 and 1975.

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.

In the oil embargo of 1973 concrete plans were considered for the invasion of OPEC countries to secure the oil the U.S. was thought to need.

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.

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.

It came on stream in May 1990 during the Soviet oil embargo.

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

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.

Horsepower of 165 to 170 might not sound like much to anyone who hung out at the drive - in in the»60s, and the 22 mile - per - gallon EPA city fuel efficiency available from this small engine won't impress vets of the oil embargo.

«In 1979, the oil embargo made things go crazy at the pump, and people traded in Lincolns for Pintos,» recalled Lee Weinman, a Chicago Ford dealeIn 1979, the oil embargo made things go crazy at the pump, and people traded in Lincolns for Pintos,» recalled Lee Weinman, a Chicago Ford dealein Lincolns for Pintos,» recalled Lee Weinman, a Chicago Ford dealer.

This statistic accounts for population growth, and shows when a decrease in total deaths is due to a recession and less driving (mid-1970s and early 1980s oil embargos; 2008 - 09 recession).

These 1974 models timed to coincide precisely with the 1973 OPEC oil embargo, and were a significant part of Chrysler's economic woes in the late 1970s.

In October came the Arab Oil Embargo.

As much as the various embargoes, supply crunches and other problems have kcost us as a nation., no one wants to pay any of his / her own money NOT to import oil, as evidenced by the beating back of all attempts tax energy or oil in favor of subsidies right and left.

In an e-mail, longtime clean - air campaigner Frank O'Donnell mused that the law has had a far greater impact on American society, noting: «It is not as if the oil embargoes of the 1970s got us to kick our oil addiction.»

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 oil embargo by OPEC created a huge increase in gas proces and shortages at gas stations that led to a large recession.

The United States has had a variety of programs to encourage improved energy efficiency in residential and commercial buildings for about 40 years, going all the way back to the 1973 oil embargo.

NASA focused on wind turbine research after the 1973 oil embargo, and Congress passed the first tax credit in 1992; innovation by American and Dutch engineers led to lower costs.

1975: Energy Policy and Conservation Act, Corporate Average Fuel Economy (NHTSA) Intended to reduce energy consumption by increasing the fuel economy of cars and light trucks in response to the oil embargo and resulting price shocks in the early 1970s.

Key post-World-War-II oil shocks reviewed include the Suez Crisis of 1956 - 57, the OPEC oil embargo of 1973 - 1974, the Iranian revolution of 1978 - 1979, the Iran - Iraq War initiated in 1980, the first Persian Gulf War in 1990 - 91, and the oil price spike of 2007 - 2008.

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.

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.

The embargo highlighted national dependencies of imported fuels, the importance of oil reserves, economic exposure and made the consumer suddenly realise the cost of heating in their uninsulated buildings.

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 vehiclIn 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 vehiclin the wake of the Arab oil embargo, Gremban headed research and development of the Sebring - Vanguard Citicar, an early neighborhood electric vehicle.

Congress created Corporate Average Fuel Economy Standards (CAFE) in 1975, following the OPEC 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.

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.

Modern PV technology dates back to the 1950s and the advent of the space program in the 1960s, but the concerted effort to develop this technology for industry and consumer use began during the oil embargoes of the 1970s.

«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.

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.

By the time Mitchell and Devon Energy combined to «crack the Barnett» in 2002, work on unconventional gas extraction had been underway for decades, tracing back to the oil embargo and even before that to the nuclear tests of the 1960s.

It was three years after the oil embargo, and Byrd wanted to direct some of that spending for jobs in his constituency.

In the wake of the oil embargo and the passage of the 1975 Energy Policy and Conservation Act, U.S. vehicle fuel economy improved substantially in the late 1970In the wake of the oil embargo and the passage of the 1975 Energy Policy and Conservation Act, U.S. vehicle fuel economy improved substantially in the late 1970in the late 1970s.

Since Boulder County's five - year embargo was lifted in May, there has been an application from 8 North LLC, a subsidiary of Extraction Oil and Gas LLC, for a state drilling and spacing order on a 1,280 - acre area between Arapahoe and Baseline roads in the Lafayette - Erie area; as well as a proposal from Crestone Peak Resources to drill on 12 square miles near U.S. 287 and Colo. 52 between Lafayette and Longmont.

As a result of the embargo, and the oil shock that followed the Iranian revolution in 1979, Washington began to pour resources into developing alternative sources of oil and gas.