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Energy crisis defined 1974 as oil lines and price jumps rose
In 1974 the United States moved from energy importer to crisis, with Arab oil embargo effects, long gasoline lines, and prices surging. Oil profits soared, imports spiked costs, and policy debates intensified under Nixon and Ford as the nation sought a self sufficient energy plan by 1980.
MENTIONED IN THIS ARTICLE
Washington
United States
Middle East
Europe
Japan
Netherlands
Richard M. Nixon
William E. Simon
Nixon
FEC
Federal Energy Administration
Federal Energy Office
U.S
FEA
Congress
The
Energy Administration
Gibson
Ford
Frank G. Zarb
Office of Management and Budget
Sawhill
Energy Resources Council
Zarb
Morton
Camp David
Baker