https://padlet.com/dobbyisfree1/a9pwoatae46v A period during the 1970's in which the price of oil was up over 100%, and a time for major conflict in our country. en-us 2016-05-16 18:13:44 UTC 2023-02-18 01:51:58 UTC hello@padlet.com https://padletuploads.blob.core.windows.net/aws/71754904/27529817346fec1ef7e34b94489d6c318719aa6a/751722ddecd4b6b4c84f6c5ef2c0b4c7.jpg dobbyisfree1 https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111092256  Organization of Arab Petroleum Exporting Countries was mad at the United States because the US supported Israel over the Arabs, so, as an act of retaliation, they declared an oil embargo and reduced their petroleum production. ]]> 2016-05-16 18:18:25 UTC https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111092256 dobbyisfree1 https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111092388 Freeways everywhere were completely devoid of cars due to lack of fuel. ]]> 2016-05-16 18:18:52 UTC https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111092388 dobbyisfree1 https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111093060 By 1973, 36% of oil consumed in the United States was foreign oil.]]> 2016-05-16 18:21:34 UTC https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111093060 dobbyisfree1 https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111093805 The oil embargo was lifted in 1974, but oil prices remained high. ]]> 2016-05-16 18:24:34 UTC https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111093805 dobbyisfree1 https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111095560 The FEO was created in December of 1973 as part of the Executive Office of the President, gaining responsibility over fuel allocation, rationing, prices, and 'Project Indepdence'. ]]> 2016-05-16 18:31:18 UTC https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111095560 dobbyisfree1 https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111095952 Three months after the embargo was announced, the price of a barrel of oil went from $3 to $12. Even after the embargo was lifted in 1974, oil prices remained high. ]]> 2016-05-16 18:32:33 UTC https://padlet.com/dobbyisfree1/a9pwoatae46v/wish/111095952