No. of Recommendations: 2
It literally remade the entire auto industry, put thousands out of work and fundamentally changed Labor in the United States.
The OPEC Embargo failed completely to achieve its primary aim, which was to disrupt the U.S.' support of Israel.
That they didn't achieve their objective shows that we're not the guy in the elevator afraid of the weapon-wielding maniac. The grenade went off and we didn't cave...but the country's economy was forever different as a result.
What I remember was we learned that our auto industry had become complacent and had not innovated. We were being out engineered by both the Asians (Japanese) and the Euros. As a kid, Japanese quality was a joke - no more. Our oil industry had stagnated too. The days of just drilling a hole and moving when the pressure got low were numbered. We had to invent ways to extract oil after the pressure got too low, from oil tar, and to frack for oil. The oil engineers had also figured out that oil pollution would slowly raise the temperature of the earth.
