OPEC OIL EMBARGO - 1973

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NBC Nightly News coverage of OPEC's decision to cut exports of oil to the United States along with other nations. Reported by John Chancellor of the evening of October, 17 1973.

Channel: News & Politics
Uploaded: June 8, 2008 at 10:02 pm
Author: Del655

Length: 00:05:56
Rating: 4.83
Views: 3126

Tags: gas oil crisis saudi nixon fuel mileage epa kuwait israel suv gm embargo barrel crude mpg usa Ford GM Chrysler Detroit

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Video Comments:
Srd1126 (November 22, 2008 at 2:23 pm)
Right after this the arab countries stole all the oil from the USA. Funny how little has changed in the oil market as you listen to this.
1GXG (October 22, 2008 at 8:05 pm)
This is getting very serious now.On one hand there are those who still prize this resource as black gold,and on the other hand,we here in the west are constantly getting more ecologically stricter.We can either be bold enough to move to a more greener world,or follow the path of prizing a depleting resource.The solution is not one that panders to conspiracy,but empowers US all to make that transition through democracy.

V O T E . . .ECOLOGY
GospleWarior (October 1, 2008 at 4:21 pm)
So what ended this. I was born in '74 so I have no memory of this. I remember seeing references to it in movies that took place in the 70's but that's really all the info if can remember. Seems like this is brewing again in the US. Any one care to comment?
yaiknowscrewme (September 6, 2008 at 12:28 pm)
The USA has more oil then saudi arabia in teh northern part of the US.The fucking democrats take kickbacks from arabs and commies which have made us dependant on those arab & red niggers
wmbrown6 (July 23, 2008 at 4:08 pm)
With the "Voice of NBC News," Bill Hanrahan, as opening announcer. Just curious - where did this clip come from? It certainly looks different in quality from the B&W tapings from Vanderbilt University's archives.
MyNamesFriday (July 6, 2008 at 3:48 am)
I remember sitting in those gas lines for hours with my mom in her 1973 Olds Cutlass S after school when I was in the 8th grade. Odd and even days...that sucked!
soundsfromnothing (July 22, 2008 at 1:23 am)
Yeah, its surprising that Chancellor said that "it wouldn't affect the U.S. much." I wasn't even born yet, but remember my parents talking about it. Gas rationing..locking gas caps...Now I get to experience it. ;)
soundsfromnothing (July 22, 2008 at 1:25 am)
Well, at least the locking gas caps and climbing gas prices. Except for the fact that our own government is screwing us now and blaming it on the arabs.
angusthethird (June 22, 2008 at 9:57 pm)
I watched Nixon address the nation with my Mum that Saturday, the 20th. i seem to remember it as a somewhat gloomy evening, a foreboding of the economic climate to come in 1973-74.
Joelomite (June 13, 2008 at 9:24 pm)
When will we learn??? We should've drilled for oil BACK THEN. These countries hate us, loathe us and WANT TO KILL US. We need to cut them off, but these hippie politicians keep getting in the way and vote against drilling!! Very frustrating!!!!