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Re: The Definintive GM Performance Car List Part II: 1973-1985
so why didn't america just invade them to get oil in 1973?
joke.
so that explains why here in New Zealand we didn't have an oil crisis until 79, but before then it was all good.
thanks
69Firebird400 said:I agree - it's a really cool list, and should be considered a near-definitive guide of which GM cars should be considered collectibles (or potential future collectibles) from this era.
In response to the Israeli-Arab Yom Kippur war in 1973, and the support that the US and some Western European nations gave to Israel, OPEC stopped selling oil to the US. At the time, we only got 12% of our oil from Arab countries. The embargo lasted from August 1973 to April 1974.
More info: http://en.wikipedia.org/wiki/Oil_embargo_crisis
Then there was a second oil crisis, in 1979, caused by the Iranian revolution, when oil exports briefly ceased and caused a disruption to the world oil supply, and energy traders bid up the price on speculation of further supply problems (hmm, sound familiar??)
More info: http://en.wikipedia.org/wiki/1979_energy_crisis
so why didn't america just invade them to get oil in 1973?
joke.
so that explains why here in New Zealand we didn't have an oil crisis until 79, but before then it was all good.
thanks