Laura Panza on Muck Rack

Laura Panza

Australia
As seen in: Color Research & Application, The Independent (UK), Wiley Online Library, The Conversation, Pursuit, National Bureau of Economic Research, VoxEU.org, The Independent (US), Zoetis, Inkl and
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Articles

This is how the 1970s oil shock played out. There are lessons for the economy today

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By Laura Panza, Ben Cardwell
| fbe.unimelb.edu.au
This article is republished from The Conversation under a Creative Commons license. We encourage you to read the original article here. On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting Israel and would cut production.
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This is how the 1970s oil shock played out. There are lessons for the economy today

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By Laura Panza
| Daily Bulletin AU
On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting Israel and would cut production. The effect was immediate. Within a few months, global oil prices quadrupled. After decades of price stability, the world faced a severe shortage.
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How the 1970s oil crisis played out, and lessons for today

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By Laura Panza
| zurl.co
October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting Israel and would cut production. The effect was immediate. Within a few months, global oil prices quadrupled. After decades of price stability, the world faced a severe shortage.
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