GO TO HOME PAGE
Link to the Previous Page
Link to the next page



OPEC Oil Embargo
Student:Taylor Scott
Date: October 17th, 1973- March 18th, 1974


· OPEC (organization of the Petroleum Exporting Countries): an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum.
· OPEC consists of Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia and many other eastern countries.
· On October 17,1993, the Arab oil producing nations imposed an oil embargo on the United States due to its support of Israel after the unexpected attacks by Egypt and Syria.
· The price of the available oil in the United States raised from $3 to $11.65
· Caused U.S. Citizens to decrease transportation in oil-consuming vehicles
· The OPEC oil embargo had caused a deficit of oil but may have encouraged the decrease in use of non-renewable resources.
· By using less non-renewable resources such as oil, the pollution had decreased significantly.

oil-embargo-sign-lg.jpg
Effects of the Embargo
opec_flaggggg.png

OPEC Flag

OPEC Video:
http://www.youtube.com/watch?v=VCLRlVxOH-Q&feature=player_embedded#!

Resources:
http://www.opec.org/opec_web/en/about_us/25.htm
http://www.jiffynotes.com/a_study_guides/book_notes/eueh_02/eueh_02_00676.html
http://www.buyandhold.com/bh/en/education/history/2002/arab.html