OPEC Oil Embargo: A Timeline
In response to U.S. support for Israel during the Arab-Israeli War, the member nations of the Organization of the Petroleum Exporting Countries (OPEC) began an oil embargo, which eventually included Western Europe and Japan.
The Emergency Petroleum Allocation Act, approved by President Richard Nixon, authorized federal controls over the price, production and marketing of oil and gas. It was just one of many government efforts to manage the effects of the embargo.
As fall turned into winter, and gasoline became an increasingly rare commodity, long lines formed at gas stations, fraying commuters' nerves. As supplies dwindled, many gas stations went out of business.
After the OPEC oil embargo entered its third month, consumers began to realize that smaller, energy-efficient cars had distinct advantages over larger, gas-guzzling automobiles and trucks. Consumers also began to save energy at home by moderating their use of hot water, heat and air-conditioning.
Nixon's Secretary of State, Henry Kissinger, introduced Project Independence, the first of many programs designed to make the U.S. less dependent on foreign sources of oil and gas.
After Israel withdrew the last of its troops from the west side of the Suez Canal, OPEC agreed to end its oil embargo, closing a dark chapter in energy history.