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Paperback
First published October 23, 2007
"The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo. The embargo was targeted at nations perceived as supporting Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 400%, from US$3 per barrel to nearly $12 globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. Odd–even rationing allowed vehicles with license plates having an odd number as the last digit (or a vanity license plate) to buy gas only on odd-numbered days of the month, while others could buy only on even-numbered days."I remember the the odd-even fuel rationing quite well as I was student teaching Spring Semester 1974 and every day I drove a different car to my school destination as the school was approx. 40 minutes NE of my parents' home. As the travel included driving on a major highway where there were many gas stations accessible from the north- and south- bound lanes I could easily decide which line to wait with either my father's car or mother's car or the 3rd car that my father had purchased for me to use during student teaching and which I bought from him over the course of my first year of teaching. Most often I stopped for gas at one of the southbound options as I never knew how long I would be waiting in line so timing "before school" was difficult to judge and getting gas on the way home meant the car would have more gas available for any family travel needs after I arrived home.