A decade of shocks reveals how energy risk reshaped economies, policy, and daily life.
Oil shocks briefly turned the U.S. into a net exporter of refined products after refinery outages boosted gasoline imports.
The 1970s energy crisis catalyzed car efficiency gains that saved more oil than the entire 1960s U.S. production.
OPEC embargoes occurred despite America not importing much Saudi crude, proving political leverage can surprise with timing.
The 1973 crisis spurred consumer-switching to smaller cars, yet many households kept two cars, paradoxically increasing total fuel use.
A decade of shocks reveals how energy risk reshaped economies, policy, and daily life.
Oil shocks briefly turned the U.S. into a net exporter of refined products after refinery outages boosted gasoline imports.
The 1970s energy crisis catalyzed car efficiency gains that saved more oil than the entire 1960s U.S. production.
OPEC embargoes occurred despite America not importing much Saudi crude, proving political leverage can surprise with timing.
The 1973 crisis spurred consumer-switching to smaller cars, yet many households kept two cars, paradoxically increasing total fuel use.
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