How much oil does one deplete on a day-to-day basis? The average American uses approximately twenty-two barrels of oil each year. The utilization of oil in the United States, however, plummeted substantially following the conflict that occured in the Middle East. The 1973 Oil Embargo, a restriction on the sale and distribution of petroleum to the U.S., took an economic toll and left a significant impact that modified the way men and women residing in the U.S. conserve resources and live today.
In June 1967, a battle known as the Six-Day War took place in Israel. The Six-Day War consisted of the Middle East Countries known as Jordan, Israel, Egypt and Syria. The brief war led to Israel's gain of territory in Egypt and Syria. Following …show more content…
financially but also physically. A direct effect of the oil limitation featured a intense shortage of oil. Several gas stations ran out of gas. Due to the short availability, gas stations had to restrict the amount of gasoline that customers yearned to purchase. To prevent any misinterpretation, “Gas stations posted color-coded signs...green when gas was available, yellow when rationed, and red when it was gone”(Amadeo). Furthermore, motorist had to wait hours in outstretched lines with the hope to purchase accessible gasoline. Because of the high demand but an insufficient amount of petroleum, the price of oil inflated. Gasoline, as well as home heating oil, experienced an increase in price. The cost of crude oil escalated from $3/bbl to $13/bbl which is equivalent to forty-three percent more per gallon at the pump. As a result, families stayed home so that they did not have to pay the increased price or contribute to the scarcity of oil. Following decreased tourism, the sale of automobiles also declined which resulted in the loss of jobs. The people refused to purchase a vehicle, for they were known to be “gas guzzlers”. Cancelled flights and laid off workers became commonplace during this time. The economy began to fail exceedingly. Subsequently, President Richard Nixon attempted to restabilize the economy of the United States by initiating conservation laws and minimizing the amount of energy used.
In June 1967, a battle known as the Six-Day War took place in Israel. The Six-Day War consisted of the Middle East Countries known as Jordan, Israel, Egypt and Syria. The brief war led to Israel's gain of territory in Egypt and Syria. Following …show more content…
financially but also physically. A direct effect of the oil limitation featured a intense shortage of oil. Several gas stations ran out of gas. Due to the short availability, gas stations had to restrict the amount of gasoline that customers yearned to purchase. To prevent any misinterpretation, “Gas stations posted color-coded signs...green when gas was available, yellow when rationed, and red when it was gone”(Amadeo). Furthermore, motorist had to wait hours in outstretched lines with the hope to purchase accessible gasoline. Because of the high demand but an insufficient amount of petroleum, the price of oil inflated. Gasoline, as well as home heating oil, experienced an increase in price. The cost of crude oil escalated from $3/bbl to $13/bbl which is equivalent to forty-three percent more per gallon at the pump. As a result, families stayed home so that they did not have to pay the increased price or contribute to the scarcity of oil. Following decreased tourism, the sale of automobiles also declined which resulted in the loss of jobs. The people refused to purchase a vehicle, for they were known to be “gas guzzlers”. Cancelled flights and laid off workers became commonplace during this time. The economy began to fail exceedingly. Subsequently, President Richard Nixon attempted to restabilize the economy of the United States by initiating conservation laws and minimizing the amount of energy used.