Tag Archives: 1973 Oil Embargo

A Stable RFS Means U.S. Energy Independence

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In 1973, Arab oil producers cut off exports to the U.S. to protest American military support for Israel in its war with Egypt and Syria. This brought soaring gas prices and it contributed to a major economic downturn in the U.S. Similar to the oil embargo in 1973, the recent military actions carried out by Russia in the Ukraine should remind the U.S. how easily oil can become an unreliable, expensive source of energy. Therefore, Read More >

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