Which of the following countries were founding members of OPEC?
Which of the following would result with American aid to Israel in 1973?
Project “Independence” is announced by Henry Kissinger wanting to reduce American
dependence on foreign oil
The Soviets announce the building of a wall dividing Berlin
The Soviets announce their participation in a “final solution” to destroy Israel
The Soviets move “offensive missiles” into Cuba
The double impact of the actions of the Organization of the Petroleum Exporting Counties (OPEC)
and the Yom Kippur War was to impact the West and the United States for decades to come.
Initially there was panic, the increase of gas prices as much as 70–80% seemingly overnight from a
low of 25.5% in May of 1973 to 55.1% in June 1974. Approximately, 75% of the American population
drove to work. President Nixon introduced gasoline rationing, odd and even days, driving 55 miles
per hour, and expansion of daylight savings time. Some states requested that no Christmas lights be
Organization of the Petroleum Exporting Countries’ (OPEC” actions mystified many Americans as to
why they were punished for something that they knew so little about: the political climate of the
Americans realized that there was a new threat, the oil weapon, and that America could be held
hostage by hostile oil producing nations. The American automobile industry had to rethink its
philosophy as to car manufacture. Before 1973, the focus had been on power and speed, with the
average miles per gallon of autos being about 15 miles per gallon. This also was going to add fuel to
the conservation movement.