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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Oil Crisis 1.0 and 2.0: The Dual Oil Crises of 1973-74 and 2026 That Redrew Global Power

The Oil Crisis 1.0 and 2.0: The Dual Oil Crises of 1973-74 and 2026 That Redrew Global Power

Morissen, Matt

Paperback

International RelationsMilitary Strategy

ISBN13: 9798252146928
Publisher: Independently Published
Published: Mar 15 2026
Pages: 406
Weight: 1.54
Height: 0.83 Width: 7.00 Depth: 10.00
Language: English
  • The Energy Landscape Pre-1973: The book sets the stage by describing a post-WWII world where oil became the lifeblood of modern economies, driving 40% of global consumption by the early 1970s. It details the dominance of the Seven Sisters multinational oil companies and the rising tide of resource nationalism in the Middle East.
  • The 1973 Embargo: Triggered by the Yom Kippur War, the Organization of Arab Petroleum Exporting Countries (OAPEC) used oil as a political instrument to punish the U.S. and other allies of Israel. This caused immediate global shockwaves, including a doubling of oil prices, industrial slowdowns, and the iconic long lines at gas stations.
  • The Role of Multinationals: A significant portion of the book analyzes how giant oil firms (like Exxon and Shell) acted as informal diplomats and conduits of intelligence, mediating between producer nations and consuming governments.
  • The 2026 Crisis: Fast-forwarding five decades, the book details a modern flashpoint: the sudden closure of the Strait of Hormuz in 2026. This event demonstrates that despite renewable energy innovations, the modern world remains precariously tethered to strategic oil choke points.
  • Legacy and Future: The concluding chapters reimagine geopolitics following these crises, advocating for resilience, sustainable innovation, and a move toward energy policies that prioritize shared global stability over dominance.

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