1973 oil crisis
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In October 1973, the Organization of Arab Petroleum Exporting Countries announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973
A father and son hold up their sign saying "Gas Stealers Beware, we're loaded for bear" during the Oil Crisis
Gasoline ration stamps printed by the Bureau of Engraving and Printing in 1974, but not used
Gas stations abandoned during the crisis were sometimes used for other purposes. This station at Potlatch, Washington, was turned into a revival hall.
A woman in Oregon uses wood in a fireplace for heat. An October 1973 newspaper headline before her tells of the community's lack of heating oil.
1970s energy crisis
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The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, experienced substantial petroleum shortages as well as elev
1973 oil crisis
…1967 Oil Embargo 1970s energy crisis 1970s commodities boom…
Cars line up for gas during the 1979 Oil Crisis
In the parlance of recession shapes, the Recession of 1973–75 in the United States could be considered a U-shaped recession, because of its prolonged period of weak growth and contraction. Percent change from preceding period in real gross domestic product (annualized; seasonally adjusted) Average GDP growth 1947–2009 Source: Bureau of Economic Analysis