What would happen to gas prices if we had a 2008 oil embargo?

The 1973 oil crisis began on October 17, 1973, when the members of Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of OPEC plus Egypt and Syria) announced, as a result of the ongoing Yom Kippur War, that they would no longer ship oil to nations that had supported Israel in its conflict with Syria and Egypt (the United States, its allies in Western Europe, and Japan).

Today we import way too much oil from the middle east and are not utilizing our natural resources effectively.

Dick Morris wrote in a recent column:

The Democratic ambivalence stems from liberal concerns about climate change. The Party basically doesn’t believe in carbon based energy and, therefore, opposes oil exploration. That’s why Obama pushes the windfall profits tax on oil companies – a step that tells them “you drill, you find oil, and we’ll take away your profits.” But Americans have their priorities in order: more oil, more drilling AND alternative energy sources,
OPEC can cut production again and we can do nothing about this. If you feel gas is expensive, just wait until this happens again.

I know drilling for oil is unpopular with the democrats, but are you willing to risk our economic security and our way of life simply because your party does not believe in exploring and utilizing our own resourses until we find an alternative to replace oil?

2 Responses to “What would happen to gas prices if we had a 2008 oil embargo?”

  1. Rick O Says:

    We would probably see $10.00 a gal gas and $15.00 a gal fuel oil And we would see Obama and his puppet master Soros cheering and blaming Bush.

  2. My Dog Is Smarter Than Leftists Says:

    There will never be another oil embargo. The only reason there were shortages in the 1973 embargo was becase idiot politicians put a price cap on domestic oil.