1973 oil embargo

The Pros and Cons of Exporting US Crude Oil

January 30, 2014 by Geoffrey Styles

Senator Lisa Murkowski (R-AK), the ranking member of the Senate Energy & Natural Resources Committee, issued a white paper earlier this month calling for an end to the current ban on US crude oil exports. Her characterization of existing regulations in this area as "antiquated" is spot on.[read more]

Energy Security Four Decades After the Arab Oil Embargo

November 12, 2013 by Geoffrey Styles

The 1973-74 embargo was the first oil shock of a tumultuous decade, and it triggered a true crisis. The US had relied on oil costing around $3 per barrel, not just to fuel our transportation system, but also for 17% of our electricity generation and numerous other uses.[read more]

The Lasting Impact of the 1973 Oil Embargo

October 25, 2013 by Robert Rapier

Forty years ago Americans got a wake up call on energy security. For the first time, the point was being driven home that America’s energy security was determined by events beyond US borders. The events of October, 1973 continue to shape US energy policy to this day.[read more]