2007 Marks the 35th Anniversary of the 1972-73 Oil Crisis
"Did you know that 2007 will mark the thirty-fifth anniversary of the 1972-73 oil crisis ?" Perhaps my generation did not feel the impact directly, but surely our parents and grandparents did ! A dramatic oil price increase led to one of the worst recessions that Europe had known since the 1930s. According to an economist friend,...