1970's Oil Crisis

Energy Crisis (1970’s) states that the crisis officially began when the “Organization of Arab Petroleum Exporting Countries (OAPEC) reduced their petroleum production and proclaimed an embargo on oil shipments to the United States and the Netherlands, the main supporters of Israel.” They did

In our society, oil is one of the core requirements. Whether it is to drive from a point A to a point B or to fly between distant countries, oil always had a fundamental impact on our civilization. Its impact is felt, on a daily basis and under many aspects. Not a day goes by without hearing about the Brent's changing undulation, on the markets in New York or London. Some have thought that the desire to gain control of Iran's oil resources was the core of the CIA's intervention in that country, in the 1950s. In recent years, it was considered, by left-wing groups, that the war in Iraq was based upon an attempt of foreign control over the Iraqi petroleum resources. Even though both events have an unquestioned place

In 1973, an oil crisis began when the members of the OAPEC (consisting of the Arab members of OPEC, plus Egypt, Syria and Tunisia) proclaimed an oil embargo in response to the United States decision to resupply the Israeli military during the Yom Kippur War. The embargo happened when 85% of American workers had to drive to work every day. President

Would you really want to be responsible for destroying the animals home and the environment? The United States has a huge debate whether or not We should drill for oil in Alaska’s wilderness. But the answer seems pretty clear to me because it is not essential for our economy ,it is not valuable for the environment, and it is causing a social disruption. In the background essay, it says that many colonies We're not concerned about protecting our natural resources because they thought they had enough natural resources to last forever; But We don't, We are limited and some day in the not too distant future we may run out of natural resources so we have to circumspect and start protecting it by using other materials such

Benjamin Sovacool explains in his article that over the period of twelve years, the United States shale gas production increased 24.5 times the amount it produced in 1998. From 0.2 trillion cubic feet to an enormous 4.9 trillion cubic feet. Natural gas is also a huge financial benefit to North America. Before this drastic increase of fracking and natural gas production, the United States imported a clear majority of its oil and energy sources from the Middle East. This caused the middle east to obtain a control over the United States economic situation. For example, the 1979 oil embargo caused by OPEC (organization of petroleum exporting countries). According to Kimberly Amadeo, their decision to increase oil prices by a meager ten percent, caused oil rationing in the United States and worsened the already declining economy at this time. Since the increase in fracking and natural gas production, the U.S. has become decreasingly reliant on imported energy sources. Richard Janson denotes, that the impact of this influx of cheap gas has had many positive impacts on not only the economics of the energy industry, but foreign policy and the United States domestic policy. With the downfall in the need for imports for energy and the rise of hydraulic

In the recent news headlines, the oil crisis and the plummeting gas prices have caused a concern among many. The topic of the oil industry and gas prices are such a controversial matter that has been debated for years on what should be done. On a positive note if gas prices continue to drop, those that do not work in the oil industry will be pleased with this result. With the gas prices dropping to a significant low in the past couple of years, President Obama feels as though he needs to improve this situation.

It is easy to point out that prior to 1979 the US government should have done more to avoid such a heavy reliance on foreign oil. Fiscal policy, for years, was not properly structured to enable energy independence. During the Carter years, policies regarding energy use reduction primarily involved lowering the legal highway speed limit and by encouraging people to use less energy to cool and heat their buildings. Carter’s proposals for a broader energy program were constantly rejected by Congress.

The topic of this paper is America’s foreign oil dependency. The purpose of this paper is to suggest how might America completely destroy or at least greatly mitigate its dependency on crude oil to fuel Americans’ cars, especially foreign crude oil. Library literature, newspaper articles, encyclopedias, and the Internet were all sources used to compile this paper. The conclusion reached in this research topic is that America’s great foreign oil dependency is a crisis and other energy sources to fuel our cars need to be adopted and implemented before the people

The events and episodes of the 1970’s played a significant role in the construction of major 20th century polices that had a great impact on the American society. Some of these challenging acts included the marking of political leadership breakdown, severe economic crisis and military decline.

If author James Howard Kunstler is to be believed, the world is running out of oil faster than most people believe, and the emergence of alternative, renewable energy sources won't be enough to fill the void left by the disappearance of fossil fuels. Kunstler's book is foreboding and dark, and while he may be right in some ways about the potential calamity when the world's industrial engines begin to run out of fuel, he seems to be more apocalyptic than realistically futuristic. This paper reviews and critiques Kunstler's book in a point-by-point format and challenges some of his more extreme predictions.

In 1973, in the wake of conflict in the Middle East, US drivers were feeling the repercussions with every gallon of gasoline and oil that they consumed. The members of OPEC placed an oil embargo on the US and several other nations because of their aid to the Israeli military. This embargo greatly pressured the US, who was highly dependent on foreign oil. In the aftermath of this crisis, President Nixon called for the increased energy production to avoid this problem in the future. Yet, in this present day, the United States faces a similar, although not as extreme, situation. Measures must be made to make the United States energy independent.

Who Killed the Electric Car directed by Chris Paine and A Crude Awakening: The Oil Crash directed by Basil Gelpke and Ray McCormack are similar documentary films in several aspects including their target audiences and viewpoints. Both documentaries choose to approach their messages differently concerning their use(s) of pathos, logos, and ethos. Who Killed the Electric Car relies much more on the use of pathos to relay its argument, while A Crude Awakening: The Oil Crash depends more on its use of logos and ethos. Overall, the argument presented by A Crude Awakening: The Oil Crash is more effective in its presentation and persuasion through its more effective use of

At some point in everyone’s lives, we are affected by the rising gas prices in today’s economy. Natural gas is not a renewable resource, since there is a fixed amount of it trapped in the Earth. However, many people carry the misconception that there is a very limited amount of natural gas, and that we may use all of it up. This isn’t true. The gas shortages of the 1970's were prompted by the government’s lack of faith in the industry’s ability to discover and develop new reserves, not by lack of gas supply. The unfortunate impression left by the shortages of gas in the 1970's caused the people to believe that there was a small amount of gas left. On the contrary, the gas resource base is vast, and probably even

Scarcity is an economic term for a very serious and real-life issue. Scarcity is the problem that results from people having relatively unlimited wants even though the world’s resources are relatively limited. Simply put, there are not enough worldly provisions to satisfy all human wants and needs. The term has many examples. One case is the gasoline shortage in the 1970’s. The resource, gas, was scarce and there was not enough for everyone to freely consume anymore. People had to cut back on driving and there were certain days and times that people were allowed to refuel. Another example is the current drought that The United States, specifically California, is experiencing. The natural resource, water, is very scarce and the population is

In the “The Prize: The Epic Quest for Oil, Money, And Power,” Yergin undertakes the reader upon a thorough and enjoyable journey through oil history, from the first 1859 well drilling by Colonel Edwin in Pennsylvania during up to the invasion of Kuwait by Saddam Hussein in a wrathful grab for oil and wealth in 1990 August. Yergin explores the role of oil in warfare, depicts the ever-changing organization of the oil sector, and examines the prominent, as well as often flamboyant petroleum players. The book is a well-researched and well-written, and supplement to a history branch, which until very lately, had been regrettably neglected—history of business.