Beschreibung

High Quality Content by WIKIPEDIA articles! The 1970s Energy Crisis was a period in which the major industrial nations of the world, particularly the United States, faced substantial shortages, both perceived and real, of petroleum. The two worst crises of this period were the 1973 energy crisis, caused by the Arab Oil Embargo of OAPEC, and the 1979 energy crisis, caused by the Iranian Revolution. The crisis period, however, was triggered by events at the end of the 1960s. It was during this time that petroleum production in the United States and some other parts of the world peaked. Subsequently during the 1970s world oil production per capita peaked. The major industrial centers of the world were forced to contend with escalating issues related to petroleum supply. The fact that Western nations had to deal with potentially unfriendly sources in the Middle East and other parts of the world to maintain supply made the situation especially complex.

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