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Oil Crisis 1973:: Entertainment-Ppt-Powerpoint

The oil crisis in the 1970s led to major economic and political impacts. It began with OPEC cutting production and placing an embargo on oil shipments to the US and other countries in response to their support of Israel in the Yom Kippur War. This caused the price of oil to quadruple and exposed the West's dependence on foreign oil. In the long term, it increased interest in renewable energy and spurred more fuel-efficient vehicles as consumers and industries sought to reduce oil consumption.

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AmanPreet Sidhu
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245 views2 pages

Oil Crisis 1973:: Entertainment-Ppt-Powerpoint

The oil crisis in the 1970s led to major economic and political impacts. It began with OPEC cutting production and placing an embargo on oil shipments to the US and other countries in response to their support of Israel in the Yom Kippur War. This caused the price of oil to quadruple and exposed the West's dependence on foreign oil. In the long term, it increased interest in renewable energy and spurred more fuel-efficient vehicles as consumers and industries sought to reduce oil consumption.

Uploaded by

AmanPreet Sidhu
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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http://www.authorstream.com/Presentation/swapnil_ssp-249859-oil-crisesentertainment-ppt-powerpoint/ OIL C I!I!

"9#$ : I%& O'(C&IO% :


I%& O'(C&IO% )oun*in+ o, OP-C consiste* o, "$ countries !ept "4. "9/0. 1a+h*a* con,erence &o protest the pressure an* +reater control o2er le2els o, pro*uction. -n* o, 1retton 3oo*s 1retton 3oo*s 4+reement 1ac5 out o, (! ,rom 1retton 3oo*s 4ccor* Oil shoc5 6om 7ippur 3ar 8ilitar9 attac5 :9 !9ria ; -+9pt on Isreal !tatement :9 !hah o, Iran Oct "#."9#$. 4ra: states place* an Oil -m:ar+o on (! Cont*<. 4ra: oil em:ar+o OP-C cut pro*uction an* em:ar+o on shipment o, cru*e oil. %etherlan*s speci,icall9 tar+ete* 4nticipatin+ shorta+e the price o, oil =ua*ruple* ,rom >$ to >"2 Chan+e in the nature o, polic9 o, 3est Imme*iate impact o, the em:ar+o 4ccumulation o, 2ast wealth :9 e?portin+ nations !ome income was *ispense* to ai* un*er*e2elope* nations OP-C mem:ers withhel* the prospect o, nationali@ation o, companies hol*in+s Con*itions in 3est worsene*. %6!- shares lost >9# :illion in 2alue in si? wee5s. %o Christmas li+hts. Ore+on :anne* Christmas. no +asoline on wee5en*s Cont*< -,,ects o, Oil -m:ar+o in -urope Price control an* rationin+ %ewl9 *isco2ere* oil to :e sol* at hi+her price- rule to promote oil e?ploration 4s per 3illiam !imonAs polic9 same amount o, *omestic oil ,or "9#4 that each consume* in "9#2

CO%!- B4&IO% 4%'

-'(C&IO% I% '-84%' :

CO%!- B4&IO% 4%' -'(C&IO% I% '-84%' %ational ma?imum spee* limit o, 55 mph 6earroun* *a9li+ht sa2in+ time was implemente* ,rom Canuar9 /. "9#4 to )e:ruar9 2$. "9#5 Corporate 42era+e )uel -conom9 DC4)-E*ownsi@in+ o, e?istin+ automo:ile

!-4 CF )O 4L&- %4&IB-! :


!-4 CF )O 4L&- %4&IB-! &he ener+9 crisis le* to +reater interest in renewa:le ener+9 an* spurre* research in solar power an* win* power 4ustralia - Gas-con2ersion 5its 1ra@ilian +o2ernment implemente* a 2er9 lar+e proHect calle* IProJlcoholI Dpro-alcoholE

!-4 CF )O 4L&- %4&IB-! :


!-4 CF )O 4L&- %4&IB-! Go2ernment create* Petro-Cana*a an* %ational -ner+9 Pro+ram. Cana*a as har* as the (nite* !tates *espite Cana*ian ,uel reser2es. !o2iet (nion enHo9e* increase in )orei+n -?chan+e reser2es

84C O -CO%O8IC -))-C&! :


84C O -CO%O8IC -))-C&! CapanAs econom9 shi,tin+ awa9 ,rom oil-intensi2e in*ustries 3estern nation ,acin+ sta+,lation

'-CLI%- O) OP-C :
'-CLI%- O) OP-C !au*i 4ra:ia cause* *ownwar* pressure on prices !hi,tin+ Consumption ,rom oil to alternate ener+9 sources Cartel lost its unit9

LO%G-&- 8 -))-C&! :
LO%G-&- 8 -))-C&! 4ra: states ultimatel9 tra*e* *iplomatic +ains ,or e2er-increasin+ *epen*ence on the 3est ,or economic an* militar9 securit9 Prior to the em:ar+o. the +eo-political competition :etween the !o2iet (nion an* the (nite* !tates. in com:ination with low oil prices that hin*ere* the necessit9 an* ,easi:ilit9 ,or the 3est to see5 alternati2e ener+9 sources.

G O3I%G !-C( I&6 CO%C- %! :


G O3I%G !-C( I&6 CO%C- %! !o2iet in2asion on 4,+hanistan !au*i weapon purchases ,rom the (nite* !tates was in e?cess o, ,i2e times the amount that Israel was purchasin+ annuall9

I8P4C& O% 8O&O

I%'(!& 6 :

I8P4C& O% 8O&O I%'(!& 6 Intro*uction o, hatch:ac5 cars Chr9sler/!imca Fori@on. )iat itmo D!tra*a in the (7E. )or* -scort 87$. enault "4. Bol2o $40 / $/0. Opel 7a*ett an* Bol5swa+en Gol,. &hese cars o,,ere* new stan*ar* o, ,uel econom9. which were much nee*e* in the a,termath o, the oil crisis.

I8P4C& O% 8O&O

I%'(!& 6 :

I8P4C& O% 8O&O I%'(!& 6 &heir success continue* into the "980s an* :9 the later part o, the *eca*e. some "5 9ears a,ter the oil crisis. Fatch:ac5s almost monopoli@e* most -uropean small an* me*ium car mar5ets. an* ha* +aine* a su:stantial share o, the lar+e ,amil9 car mar5et.

I8P4C& O% (! 8O&O

I%'(!& 6 :

I8P4C& O% (! 8O&O I%'(!& 6 1e,ore the ener+9 crisis. lar+e. hea29. an* power,ul cars were the stan*ar* in the (.!. )our-c9lin*er su:compacts an* si?-c9lin*er compacts- these small cars were in +reater *eman* than the a2aila:le suppl9.

I8P4C& O% (! 8O&O

I%'(!& 6 :

I8P4C& O% (! 8O&O I%'(!& 6 -uropean an* Capanese automa5ers :e+an to e?port more compact cars into the (! to meet the *eman* &his ,orce* the 1i+ &hree DGeneral 8otors. )or*. an* Chr9slerE to intro*uce smaller an* ,uel-e,,icient mo*els ,or *omestic sales

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