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Posts Tagged "Arab Oil Embargo"

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40 Years after OPEC Oil Embargo, U.S. May Finally Get Off Imported Crude

oil-drums graph

So you think President Barack Obama’s calls for energy independence have seemed a bit starry-eyed? Well, every U.S. president since Richard Nixon has publicly called for the country to become self-sufficient. Why? Because of oil. Specifically, oil imported from Middle Eastern nations of the Organization of the Petroleum Exporting Countries (OPEC). The ongoing chorus stems [...]

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