Subtitles section Play video Print subtitles [A Crisis of Energy] What would happen if we didn't have oil? Or if the price of oil goes suddenly up three or five times? Well, many people would not be able to drive their cars around anymore. Bus fares would go up, and we would not be able to use many things that depend on oil. Imagine how difficult are lives would be. Well, this actually happened in 1973, and made many people change the way they thought about energy. Let's find out what happened. By 1970, wealthy, developed nations, such as the USA and countries in Western Europe were using a lot of oil. They imported oil from Arab countries in the Middle East and North Africa. However, in 1973, the Arab-Israeli War broke out, and the United States decided to support Israel. This angered many of the Arab countries and they decided not to sell their oil to the United States and its allies, mostly in Western Europe. This led to major changes in the United States. Oil prices increased by four times in just three months. Gas stations did not have enough gas to sell. As a result, prices for virtually everything went up in the US and Western Europe. After experiencing this, many people started thinking twice about their dependency on oil. This led to using other energy sources, such as nuclear and renewable energy.
A2 US oil western europe arab energy western europe A Crisis of Energy 16221 783 Reina posted on 2021/05/30 More Share Save Report Video vocabulary