Business and Economics

The OPEC Oil Embargo — 40 Years Later

Share Tweet Email

October 16, 2013 — This month marks the 40th anniversary of the 1973 OPEC Oil Embargo.  The embargo caused a sudden spike in oil prices and resulted in a prolonged economic recession.  The Lakeshore’s Chris Nolte takes us back to those chaotic days and he reports on how the world’s changed a lot since then.


Leave a Comment

Leave a Reply

Your email address will not be published.

This Page:

* Required Fields