9min chapter

The History Hour cover image

Marking 50 years since the 1973 global oil crisis

The History Hour

CHAPTER

The Global Oil Crisis of 1973

This chapter discusses the formation of OPEC, the 1973 oil crisis, and its impact on the world economy. It explores the use of oil as a weapon by Arab nations, the resulting embargo, and the long-term effects on OPEC and alternative oil investments.

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