Khan Academy
Khan Academy: Us History: 1945 1980: Stagflation and the Oil Crisis
Read about the economic downturn of the 1970s and the OPEC oil embargo of 1973-1974.
Louisiana Department of Education
Louisiana Doe: Louisiana Believes: World Geography: Oil in the Middle East and Africa
Students develop and express claims through discussion and writing which examine the importance of oil and water to the success and survival of the Middle East and North Africa.
Other
Saudi Arabian Market Explorer: Oil
This site gives a historical background and current information on oil in the Middle East. Read about the discovery and development of oil, Saudi Aramco, OPEC, and OAPEC.
Other
New York Times: Opec Finds Politics and Oil Mix
This site has a 1999 New York Times article about world oil prices, OPEC, and the role of politics in the Middle East. While much of the article focuses on recent events, background information is also given.
Other
Opec: History of Opec
OPEC (Organization of the Petroleum Exporting Countries) coordinates and unifies the petroleum policies of its member countries. It works to stabilize oil markets around the world. Find out when and how OPEC was created in this look back...
Digital History
Digital History: Oil Embargo
This site has an overview of the causes of the 1970s energy and oil crisis.
Travel Document Systems
Tds: Economy of Kuwait
A thorough look at the economy of Kuwait. It describes Kuwait's recovery after the first Gulf War and how the country uses its vast oil revenues.
Travel Document Systems
Tds: Qatar: Economy
As Qatar's economy is based on oil, this article discusses the role petroleum products play throughout the fabric of the country. Information is from Background Notes from the U.S. State Department. Current to 2007.
Curated OER
Cbc.ca: In an Uncertain World New Economic Realities
A brief overview of the 1970-1980's across Canada, economic conditions, fall of the Canadian dollar,inflated oil prices, boom and bust of Alberta, and the coming of free trade between Canada and the USA.
Travel Document Systems
Tds: Sudan: Economy
Read about Sudan's economy and the diversification of that economy. Current information is from the U.S. State Dept. Background Notes.
Independence Hall Association
U.s. History: The Sickened Economy
The U.S. economy in the 1970s staggered and fell in the 1970s. Read about the reasons for the depressed economy marked by high inflation and high unemployment.
Curated OER
Official Paul Krugman Web Page: The Energy Crisis Revisited
Analysis of the energy crisis of the 70s. An oil chart to illustrate the supply and demand curve.
Curated OER
Official Paul Krugman Web Page: The Energy Crisis Revisited
Analysis of the energy crisis of the 70s. An oil chart to illustrate the supply and demand curve.
Council for Economic Education
Econ Ed Link: The Price of Gasoline: What's Behind It?
In this lesson plan, students investigate the variables that contribute to the cost of gasoline. They learn that while OPEC nations do influence the price of oil and thus the price of gasoline, other factors also influence the price.