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Among all modes of transportation, highway vehicles continue to dominate transportation energy use and petroleum is the energy source of choice (89).
The transportation sector was obviously the most affected by the 1973 oil embargo. Beginning in 1973, OPEC that at the time already had its dominant share of the world oil market, began to flex its muscles...
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The price of a barrel of crude oil quadrupled between 1973 and 1975. Particularly disruptive was the oil embargo that followed the Arab-Israeli war in 1973. The result was long lines at gas pumps-----rationing by waiting time rather than by price (Walton 616).
This was to be known as the "energy crisis" and the increasing fear that the U...
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