United States: Energy in Flux: The 21st Century

Thirty-three years ago this autumn, a crisis in the Middle East sent the price of oil soaring overnight from $3 to $5 a barrel, and to $11 within three months. A gallon of gasoline, just 30 cents that summer, skyrocketed to $1.20. In the immediate aftermath of the Arab oil embargo, the Nixon administration took decisive action, extending Daylight Savings time, winning approval for the Trans-Alaskan pipeline, establishing automotive fuel standards
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