What is 1970s energy crisis?
{{Infobox historical event |Event_Name = 1970s energy crisis |Image_Name = Nominalrealoilprices1968-2006.png |Image_Alt = |Image_Caption = Real and Nominal price of oil, 1968–2006.<ref>{{cite web | url=http://www.eia.gov/totalenergy/data/annual/archive/038406.pdf |title=Annual Energy Review 2006, Figure 5.21 | publisher=U.S. Energy Information Administration, Department of Energy |date=June 2007 |access-date= 30 May 2016}}</ref> |AKA = 1970s oil crisis |Location = |date= {{Start date|1973}}–{{End date|1980}} }} The '''1970s energy crisis''' happened when the Western world, mainly in the United States, Canada, Western Europe, Australia, and New Zealand, faced large [[petroleum]] shortages as well as [[inflation|inflated]] prices. The two worst crises of this period were the [[1973 oil crisis]] and the [[1979 energy crisis]], when the [[Yom Kippur War]] and the [[Iranian Revolution]] caused an interruptions in Middle Eastern oil exports.<ref>{{cite magazine|title=Oil Squeeze |url=http://www.time.com/time/magazine/article/0,9171,946222,00.html |magazine=Time |date=1979-02-05 |access-date=7 September 2013 |archive-url=https://web.archive.org/web/20080307085655/http://www.time.com/time/magazine/article/0%2C9171%2C946222%2C00.html |archive-date=7 March 2008 |url-status=live }}</ref> ==References== {{reflist}} [[Category:1970s in the United States]] [[Category:Economic history]] {{history-stub}}