During the 1974 Mideast oil crisis, the American engineer Hewitt Crane, then working at S.R.
The price of oil shot up 300% in six months during the oil crisis.
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Meanwhile, auto sales in Japan just dropped 23%, comparable with 1973s oil crisis low.
Nobody of course wants to see an oil crisis that might set prices spiralling.
Biofuels never became economical with the last oil crisis and have proven to be a failure again.
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It would be the 1973 oil crisis all over again, but in an even more oil-dependent world.
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France began beefing up its civil nuclear program after the 1974 oil crisis.
Worse still, many drivers recall the loud, sooty clunkers rushed to market during the last oil crisis, in the 1970s.
Twenty-three years ago, amid an oil crisis and a world economic slump, the territory still had one foot in poverty.
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No doubt CAFE, a legislative response to the 1973 oil crisis ultimately enacted in 1975, is as dated as Neil Sedaka.
In 1974 economic difficulties in the wake of the 1973 oil crisis and related industrial action saw Parliament recalled in January.
Conflict in Northern Ireland, the fall-out from the oil crisis and continuing industrial conflict between the government and unions were recurring domestic themes.
The country suffered its first oil crisis, unemployment, interest rates and inflation were increasing, and revolutionaries in Iran had taken 52 Americans hostage.
Ms. WEBSTER: I think it's safe to say that it's as bad as it's ever been, probably even worse than in the '70s during the oil crisis.
Prepare pre-emptive and retaliatory economic action in event of oil crisis.
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At the height of the oil crisis, ethanol was responsible for keeping the price of oil 15% lower than where it would otherwise have been.
Many commentators blame it for the oil crisis in the 1970s and few of us would be keen to repeat that experience in a hurry.
During the 40 years since the first oil crisis hit, the price of gasoline at the pump has increased an average of 7 percent per year.
The morning after, the suddenly sober carmakers must have thought back on the oil crisis of the '70s and wondered why they hadn't done a thing then.
But there's a global olive oil crisis: the regional government had to inject 62m euros into olive oil cooperatives to get them through the collapse in prices.
Back then, the nation was in the grips of another Iran-related oil crisis, and to many, this highway through the Utah desert seemed like the road to energy security.
Among the countries hardest hit by the oil crisis is Indonesia, which has seen a 10% fall in the value of its currency, the rupiah, this year because of high oil prices.
"I was struck that high heels came about in the '30s during the Great Depression, and then there were all those crazy platforms in the '70s with the oil crisis, " she said.
Because of the oil crisis, most of his peers went to work for big oil companies. (Langer himself received four offers from Exxon alone.) "But I thought I could make a bigger impact elsewhere, " he says.
The International Energy Agency (IEA), set up by rich countries in the aftermath of the 1970s oil crisis, now finds an increasing amount of its time devoted to the potentially much bigger crisis of climate change.
Although no longer justified, the diesel's reputation for being slow, smelly, noisy, unreliable and difficult to start in cold weather has lingered since the 1980s, when Detroit rushed out half-baked designs in response to the oil crisis.
Although many countries' economies are now less susceptible to oil price rises than they were during the oil crisis of the 1970s, there has been growing consumer and political concern about the inflationary effects of oil's continuing high price.
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