1979 Energy Crisis

The 1979 Energy Crisis was a significant global event triggered by the Iranian Revolution, which led to a sudden decrease in oil exports from Iran. This created panic in oil markets, causing prices to soar. Coupled with already rising gas prices from the earlier 1973 Oil Crisis, many countries faced fuel shortages, long lines at gas stations, and economic strain. It highlighted the world's dependence on oil and prompted efforts to explore alternative energy sources and improve energy conservation. The crisis underscored the vulnerabilities in energy supply and has had lasting impacts on energy policies globally.