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How the 1970s Energy Crisis Drove Innovation

  • History

By Fred Frommer

The Arab oil embargo of 1973 put the United States economy on the back foot, causing fuel shortages, a quadrupling of oil prices, and long lines at gas stations. Several legacies of the resulting energy crisis have persisted decades later.

The spark of the embargo was the Yom Kippur War in October 1973, when a coalition of Arab states led by Egypt and Syria launched a surprise attack on Israel on the holiest day on the Jewish calendar. In that war, the Soviet Union resupplied its allies Egypt and Syria, and the United States responded with a massive airlift of supplies to aid Israel.

Source: History.