OPEC Cuts Production
The Arab-dominated Organization of Petroleum Exporting Countries (OPEC) agrees to cut oil exports by 5 percent until Israel withdraws from territories occupied in the Yom Kippur War. Failing to … (more...)
October 17
This Day in History
1973
1973
U.S. Gets Hit With Oil Embargo
This day in 1973 saw the beginning of the four-month oil crisis that rocked the world’s economy and forced the United States of America to reconsider its reliance on oil imports from the Middle East. … (more...)
1814
London Beer Flood
On this day in 1814, a massive vat of fermenting beer in a central London brewery suddenly burst, leading to the flooding of the surrounding area in what was dubbed the London Beer Flood. The … (more...)
