The Arab Oil Embargo 50 Years Later: Lessons Learned and Missed Opportunities

This year marks the fiftieth anniversary of the world’s first oil shock, when the Organization of Arab Petroleum Exporting Countries (OAPEC) declared an embargo on oil shipments to Western countries. Oil prices quadrupled in the next few months, but the embargo’s consequences for energy, domestic politics, and international relations were bigger and longer lasting than the price spike at the pump.Join Hudson Senior Fellows Brigham McCown and Arthur Herman as they explore the past and present of the 1973 oil embargo with distinguished industry leaders in a two-part panel discussion. The panels will accompany a keynote address from Mike Sommers, president and CEO of the American Petroleum Institute.Read Herman’s recent report on the lessons of the crisis, From Fueling Victory to Running on Empty, here.