The Yom Kippur war between Israel, Syria, and Egypt produced an Arab led embargo. OPEC stopped exports to supporters of Israel in 1973, as a way to punish the countries for their support of Israel.
This was the first time that the citizens of the world learned just how dependant our lives were on oil. Gasoline prices quadrupled as the supply was cut short. Long lines at service stations were a common site, as were signs proclaiming that there was no gas to be sold.
Alternative energy became in vogue as the countries adjusted to the their consumption of crude oil dependency. Ethanol made a big move to help replace the shortages of gasoline. Their was major discussions and promises that the dependency of oil would be lessened with alternative energy. Politicians ran rampart with their outrage that America and other countries could be brought so easily to their knees by a foreign distributor of crude oil (OPEC)
Read more:
http://newsflavor.com/opinions/the-d...#ixzz0vT8KVdSu