THE NEW MAP: ENERGY, CLIMATE, AND THE CLASH OF NATIONS by Daniel Yergin

Doc's Books

In 1973 due to the Yom Kippur War involving Israel, Egypt and Syria the world found itself caught in the midst of a global energy crisis as the Arab states employed OPEC to impose an oil embargo. The result in the United States was long lines at gas stations, odd and even numbered license plates recognized to allow the purchase of gas, and a retraction of the American economy as oil prices spiraled and along with it the price of gasoline. The US was tied to Saudi Arabia importing between 25-40% of its oil needs. This situation reemerged in 1979 when the Shah of Iran, an American ally was overthrown by Islamists producing another oil crunch. The history of these events and their impact on the world economy were delineated by Daniel Yergin in his Pulitzer Prize winning history of oil, THE PRIZE: THE EPIC QUEST FOR OIL, MONEY, AND…

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