Which is not to say that America could today shrug off a global oil crisis. The US economy would be hit through multiple channels as the rest of us would be. Democrats are terrified of a pre ...

The World Bank, the IMF ... had pursued aggressive expansion of oil production after the 1973 Oil Crisis, but after his fall, the new government argued that he had wasted the nation’s resources ...

Our world is dominated by the need to control oil. It is often the cause of wars ... This shift became apparent to Britain during the Suez Crisis. Britain used the Suez Canal as an import route ...

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

In fiscal 1974, Japan’s economy contracted for the first time since the end of World War II, ending nearly two decades of rapid economic growth. The oil crisis also prompted the resource-scarce ...

Finally there are fears of a global slowdown in the economy which could see prices fall due to a drop in demand. The crisis in Venezuela is another scenario watched closely by oil analysts.

although one province flourished as a result of the world oil crisis. During the 1970s, Alberta boomed as its oil industry created more multi-millionaires than anytime before in Canadian history.

Big Oil Vs The World is the new BBC Two documentary uncovering how oil giants fuelled climate change denial. Here’s why it might well be the most important thing to watch right now. Given the ...

In the run-off of the energy crisis, BP reported its annual profit ... the sea level rise literally inundates many of the world’s major oil ports Similarly, Shell has swapped its investments ...