TRUMP SIGNALS SWIFT RETURN OF SANCTIONS ON RUSSIAN OIL
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“TRUMP SIGNALS RETURN OF SANCTIONS ON RUSSIAN OIL”
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The 1973 Arab oil embargo cut U.S. oil supply by ~25% in weeks.
Like today's Russia sanctions debate, the '73 embargo was a political weapon — triggering gas lines, a 55 mph national speed limit, and a recession. The U.S. created the Strategic Petroleum Reserve directly in response.
The $60/barrel Russian oil price cap was a first in economic history!
Implemented Dec. 5, 2022 by the G7, EU, and Australia, it was the first coordinated international price cap on a commodity ever attempted — designed to cut Russia's war revenues without spiking global energy prices.
This storyWhat will Anna Marsick's analysis most likely focus on?
This storyWhat price per barrel did the G7 cap Russian oil at in 2022?
- $45 per barrel
- $60 per barrel
- $75 per barrel
- $90 per barrel
Guess, then reveal the answer
$60 per barrel
The 1973 Arab oil embargo quadrupled global oil prices in months!
OPEC's embargo, targeting the U.S. for supporting Israel in the Yom Kippur War, caused gas rationing across America and reshaped global energy policy — showing how oil sanctions can rapidly destabilize economies.
This storyHow much total student loan debt do Americans currently carry?
- About $500 billion
- About $1 trillion
- About $1.75 trillion
- About $2.5 trillion
Guess, then reveal the answer
About $1.75 trillion
The conversation
Part of these ongoing topics
- Ukraine–Russia War primary
