billdol :
The two major oil crises of the 1970s ended at different times: the 1973 crisis ended in March 1974 when the Arab oil embargo was lifted, while the 1979 crisis eased gradually through 1980 and 1981 as markets adjusted and a global recession reduced demand. [1] (https://en.wikipedia.org/wiki/1970s_energy_crisis), [2] (https://waterandpower.org/Museum2/Oil_Crisis_1979.html)The 1973 Oil CrisisStart: October 1973, triggered by an Arab oil embargo against nations supporting Israel during the Yom Kippur War.End: March 1974, when the Organization of Arab Petroleum Exporting Countries (OAPEC) officially lifted the embargo, though high price levels remained. [1] (https://www.federalreservehistory.org/essays/oil-shock-of-1973-74), [2] (https://en.wikipedia.org/wiki/1970s_energy_crisis)The 1979 Oil CrisisStart: Early 1979, triggered by supply disruptions during the Iranian Revolution.End: 1980–1981, as the 1979 oil crisis subsided due to price deregulation, increased non-OPEC production, and conservation efforts that led to the 1980s oil glut. [1] (https://waterandpower.org/Museum2/Oil_Crisis_1979.html), [2] (https://en.wikipedia.org/wiki/1970s_energy_crisis), [3] (https://en.wikipedia.org/wiki/OPEC)If you'd like, I can share more details on:The economic impact (such as stagflation)How governments responded with fuel standards and speed limits
2026-09-13 18:00:36