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Echoes of the 1973 oil crisis

Echoes of the 1973 oil crisis


The attack on Israel on the 50th anniversary of the Yom Kippur War should remind us of another anniversary: ​​the Arab oil embargo of 1973. The war began on October 6 and the Organization of the Petroleum Exporting Countries reduced production and increased prices on October 17. By the end of the embargo in March 1974, the global cost of oil had soared nearly 300 percent. Lines at gas stations and “out of gas” signs have become a feature of American life. The White House had ration cards printed in secret (fortunately never used), and the President Richard Nixon was considering military action to seize oil fields in Saudi Arabia, Kuwait and Abu Dhabi.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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