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1970s energy crisis : ウィキペディア英語版
1970s energy crisis

The 1970s energy crisis was a period in which the economies of the major industrial countries of the world, particularly the United States, Canada, Western Europe, Japan, Australia, and New Zealand were heavily affected and faced substantial petroleum shortages, real and perceived, as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, caused by interruptions in exports from the Middle East, for example in 1979 due to the Iranian Revolution.
The crisis period began to unfold as a result of events at the end of the 1960s. It was during this time that petroleum production in major producers like the United States and some other parts of the world peaked.〔
〕 Subsequent to the Seventies, world oil production per capita peaked.〔

The major industrial centers of the world were forced to contend with escalating issues related to petroleum supply. Western countries relied on the resources of potentially unfriendly countries in the Middle East and other parts of the world.
The crisis led to stagnant economic growth in many countries as oil prices climbed. Though there were genuine concerns with supply, part of the run-up in prices resulted from the perception of a crisis. The combination of stagnant growth and price inflation during this era led to the coinage of the term ''stagflation''.
By the 1980s, both the recessions of the 1970s and adjustments in local economies to become more efficient in petroleum usage, controlled demand sufficiently enough for petroleum prices worldwide to return to more sustainable levels.
The period was not uniformly negative for all economies. Petroleum-rich countries in the Middle East benefited from increased prices and the slowing production in other areas of the world. Some other countries, such as Norway, Mexico, and Venezuela, benefited as well. In the United States, Texas and Alaska, as well as some other oil-producing areas, experienced major economic booms due to soaring oil prices even as most of the rest of the nation struggled with the stagnant economy. Many of these economic gains, however, came to a halt as prices stabilized and dropped in the 1980s.
==Key periods==


抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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