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The Oil Embargo

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Beginning in 1973, political factors caused a shortage of oil in the worldwide market, followed by a global recession. The shortage continued through the early 1980s. The OPEC oil embargo made people think about how they used energy, and energy conservation became common practice. For the first time, people began to talk about running out of oil on a large scale. In fact, though, during this period there was plenty of oil available and in the ground. The oil spigots could have been opened at any time and the crisis would have been over in a day. In fact, this is essentially what happened in the mid-1980s.

Solar Water Heating--Revised & Expanded Edition

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