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The Power of Oil: The 1973 and 1979 Oil Crises impact on North America

The Power of Oil: The 1973 and 1979 Oil Crises impact on North America

“The Power of Oil: The 1973 and 1979 Oil Crises impact on North America” seeks to explore both the economic and social states of North America leading up to and throughout 1973 and 1979. During these years focusing in on the Middle East, there were war’s, petroleum embargo’s, as well as revolution’s. The Middle East became, and is still today, one of the richest in petroleum resources. This paper will seek to investigate the connections between these events in the Middle East and the resulting parallel social and economic states of North America. Thus this paper will focus on the conflicts during these times, and the connections between the oil crises of 1973 and Yom Kippur war in the same year, as well as the oil crises of 1979 and the Iranian Revolution in the same year. Both events being crucial moments in relation to the oil crises respectively. The impact of the petroleum shortages that resulted from these conflicts were largely negative and devastating to the automobile production of the United States, as more fuel-efficient imported vehicles were taking a larger chunk of the shares in the market, and the petroleum-run vehicles of the citizens and public transportation services that were abundant by this time became almost nonexistent. This paper will also explore the role of the Richard Nixon presidency surrounding and during 1973. The foreign policies with the Middle East at this time will also be explored. Lastly the role that the Jimmy Carter Presidency played surrounding and throughout 1979 will also be discussed.


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