AT A GLANCE • The Middle East oil embargo of 1973 spurred the creation of the Strategic Petroleum Reserve, or SPR, to safeguard U.S. national energy security against such events in the future.

The situation is serious ... we must do more." Washington DC -- October 17 marks the 40th anniversary of the start of the 1973 Arab Oil Embargo -- an event that arguably launched the United States ...

The 1973 oil crisis began when Arab producers led by Saudi Arabia slapped an oil embargo on Western supporters of Israel in its war with Egypt, targeting Canada, Japan, the Netherlands ...