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jan 1, 1979 - Deuxième choc pétrolier/ II oil crisis

Description:

The 1979 oil crisis, also known as the 1979 Oil Shock or Second Oil Crisis, was an energy crisis caused by a drop in oil production in the wake of the Iranian Revolution. Although the global oil supply only decreased by approximately four percent,[2] the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m3). The sudden increase in price was connected with fuel shortages and long lines at gas stations similar to the 1973 oil crisis.

Added to timeline:

18 Jun 2023
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Date:

jan 1, 1979
Now
~ 46 years ago