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40 years after OPEC oil embargo and the problem hasnt been solved yet

2013-10-27 05:16:08| AutomotiveDigest.com - Automotive Industry News

The 40th anniversary of the oil embargo by the Organization of the Petroleum Exporting Countries (OPEC) took place this month. That six month embargo that cut the supply of oil to the US and skyrocketed gasoline prices. The second gasoline crisis in 1979, again drove up pump prices and forced drivers to wait in long lines to fill their tanks. Heres a look at the impact of the oil embargoes in the 1970s until now on fuel prices, legislations, fuel-efficient vehicles, and other issue that have carried on.The Article 40 years after OPEC oil embargo and the problem hasnt been solved yet appeared first on Automotive Digest.

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