Articles on Oil embargo

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Cubans are trying to carry on with daily life amid ongoing blackouts and economic uncertainty, as shown in this photo of Havana from March 2026. Adalberto Roque/AFP via Getty Images

Cuba needs a long‑term solution to its energy crisis

Short-term humanitarian aid won’t go far in alleviating Cuba’s long-term energy crisis.
Customers line up to buy gasoline in San Jose, California, on March 15, 1974, during an Arab oil embargo. The crisis spurred enactment of the first U.S. vehicle fuel economy standards. AP

Government fuel economy standards for cars and trucks have worked

Since the federal government started setting fuel economy standards, US-built cars have doubled their fuel efficiency, saving money for consumers and reducing pollution.
Gas guzzled: OPEC’s 1973 oil embargo threw America into crisis and underlined the political power of energy. David Falconer/Wikimedia Commons

Four decades later, has America finally got over the oil crisis?

The Australian Financial Review recently trumpeted America’s “re-emergence as a world oil power”. It is an accomplishment four decades in the making and its success is still under debate. Energy security…

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