Essays Tagged: "1973 oil crisis"

Fossil Fuel Consumption, CO2 and its impact on Global Climate

tter of suspicion, but the view of the 1970s that scarcity was imminent is still popular. It is the 1973 Oil Crisis marked the transition from abundant, low-cost energy to an era of increasing prices ...

(6 pages) 306 0 4.6 Mar/1997

Subjects: Science Essays > Environmental Science

Effects of oil industry on global society/ economy.

Global Economics and Oil PricesOil and fossil fuel production and consumption began with the industrial revolution. Some ... ustrial success in the world would never have been accomplished if it weren't for easily accessible oil at cheap prices. Historically speaking, high oil prices have tended to cause or coincide with re ... istorically speaking, high oil prices have tended to cause or coincide with recessions, while lower oil prices have coincided with economic prosperity. Since the industrial revolution, fossil fuels, o ...

(2 pages) 60 0 1.0 May/2005

Subjects: Humanities Essays

Escalating Oil Prices and the Global Economy.

that are linked to different events in world history (Miller, 1998).First, the Arab Oil Embargo of 1973 caused a widespread oil crisis and made the crude oil go from three dollars to twelve dollars a ... States thinks back on memories of other troubles in the Persian Gulf area: the Arab oil embargo in 1973-74, the Iranian revolution in 1979-80 and Saddam Hussein's invasion of Kuwait in 1990. (1) The ...

(9 pages) 182 0 5.0 Oct/2005

Subjects: Businesss Research Papers > Markets & Exchanges

The 1970's Energy Crisis

The 1973 oil crisis began on October 17, 1973, when the members of Organization of Petroleum Exporting C ... prices affected most Americans because most people drove cars as a main form of transportation. In 1973, there was a disruption in the supply of petroleum. This was not really an energy shortage, the ...

(2 pages) 17 0 5.0 May/2008

Subjects: Social Science Essays > Economics > Foreign & International Economics