50th Year of the First Oil Crisis

The 1970s — a restructuring era

The First Oil Crisis in 1973

UK and US stop importing Russian oil in 2022

Oil prices soared by 30% after 13 days of war

Figure 1 WTI Crude Oil Price, Feb — Mar 2022. Source: Trading Economics

Weaponization of oil

Figure 2 WTI Crude Oil Price, 2018 — 2022. Source: Trading Economics

Strategic Consideration of Energy Supply

Figure 3 WTI Crude Oil Price, 2001 — 2022. Source: Trading Economics

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ecyY — easy to understand why, easy to study why. Finding the truths scientifically is the theme.