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OPEC OIL EMBARGO
  OF 1973
“On October 17, 1973, Arab oil producers declared an
embargo that drastically limited the shipment of oil to the
United States” (“OPEC…Embargo”).
Why an Embargo?
• “On October 6, 1973, Egypt and Syria launched a
  military offensive against Israel in a conflict that
  came to be known as the Yom Kippur War, after
  the Jewish holy day that marked the conflict's first
  day” (“The Energy…Home”)
• The U.S. gave aid to Israel in this war
• Then, the 7 Arab nations in the OPEC
  (Organization of Petroleum Exporting Countries)
  declared an oil embargo on the U.S. (“The
  Energy…Home”)
Immediate Impact
• Prior to the embargo, the U.S. was heavily
  dependent on Middle Eastern oil for energy
• Following the embargo, “daily shipments of oil
  from the Middle East dropped from 1.2 million
  barrels to a scant 19,000 barrels”
  (“OPEC…Embargo”)
• A panic erupted within the U.S., as citizens
  thought this could be karma for their exploitation
  of Middle Eastern oil and ultimately lead to the
  destruction of their society
Immediate Impact (Cont.)




 As a result of the limit on oil, lines at gas
 stations grew tremendously.
Significance
“The energy
crisis…led to a
fundamental
reevaluation of the
typical American’s
lifestyle” (“The
Energy…Home”)
Significance (Cont.)
• In cities and suburbs throughout America, fuel efficiency
  and conservation of energy were emphasized
• “The energy crisis also contributed to a new awareness of
  the environmental impact of America’s past energy
  consumption” (“The Energy…Home”)
• In conclusion, as a result of the OPEC Oil Embargo of
  1973, citizens and government officials were made aware
  of their impacts on the environment and the economy in
  their efforts towards expansion and industrialization for
  energy
Sources
• "OPEC Oil Embargo ." Gale Encyclopedia of U.S.
       Economic History. Ed. Thomas Carson and Mary
       Bonk. N.p., n.d. Web. 15 May 2012.
• "OPEC Oil Embargo Leads to Long Gas Station Lines."
       Gale Encyclopedia of U.S. Economic History. Ed.
       Thomas Carson and Mary Bonk. Detroit: Gale, 2010.
       Gale U.S. History In Context. Web. 28 May 2012.
       (Image on Slide 4)
• "The Energy Crisis Hits Home." American Decades
       Primary Sources. Ed. Cynthia Rose. Vol. 8: 1970-
       1979. Detroit: Gale, 2004. 382-385. Gale U.S.
       History In Context. Web. 28 May 2012. (Image on
       Slide 5)

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OPEC Oil Embargo of 1973

  • 1. OPEC OIL EMBARGO OF 1973 “On October 17, 1973, Arab oil producers declared an embargo that drastically limited the shipment of oil to the United States” (“OPEC…Embargo”).
  • 2. Why an Embargo? • “On October 6, 1973, Egypt and Syria launched a military offensive against Israel in a conflict that came to be known as the Yom Kippur War, after the Jewish holy day that marked the conflict's first day” (“The Energy…Home”) • The U.S. gave aid to Israel in this war • Then, the 7 Arab nations in the OPEC (Organization of Petroleum Exporting Countries) declared an oil embargo on the U.S. (“The Energy…Home”)
  • 3. Immediate Impact • Prior to the embargo, the U.S. was heavily dependent on Middle Eastern oil for energy • Following the embargo, “daily shipments of oil from the Middle East dropped from 1.2 million barrels to a scant 19,000 barrels” (“OPEC…Embargo”) • A panic erupted within the U.S., as citizens thought this could be karma for their exploitation of Middle Eastern oil and ultimately lead to the destruction of their society
  • 4. Immediate Impact (Cont.) As a result of the limit on oil, lines at gas stations grew tremendously.
  • 5. Significance “The energy crisis…led to a fundamental reevaluation of the typical American’s lifestyle” (“The Energy…Home”)
  • 6. Significance (Cont.) • In cities and suburbs throughout America, fuel efficiency and conservation of energy were emphasized • “The energy crisis also contributed to a new awareness of the environmental impact of America’s past energy consumption” (“The Energy…Home”) • In conclusion, as a result of the OPEC Oil Embargo of 1973, citizens and government officials were made aware of their impacts on the environment and the economy in their efforts towards expansion and industrialization for energy
  • 7. Sources • "OPEC Oil Embargo ." Gale Encyclopedia of U.S. Economic History. Ed. Thomas Carson and Mary Bonk. N.p., n.d. Web. 15 May 2012. • "OPEC Oil Embargo Leads to Long Gas Station Lines." Gale Encyclopedia of U.S. Economic History. Ed. Thomas Carson and Mary Bonk. Detroit: Gale, 2010. Gale U.S. History In Context. Web. 28 May 2012. (Image on Slide 4) • "The Energy Crisis Hits Home." American Decades Primary Sources. Ed. Cynthia Rose. Vol. 8: 1970- 1979. Detroit: Gale, 2004. 382-385. Gale U.S. History In Context. Web. 28 May 2012. (Image on Slide 5)