From the archives: President Nixon speaks on the oil disaster of 1973
Then-President Richard Nixon addressed the nation from the Oval Office in the course of the 1973 vitality disaster. Fueled by the Yom Kippur War, members of the Organization of the Petroleum Exporting Countries within the Middle East banned the sale of oil to the U.S. and different international locations, sharply elevating gasoline costs for Americans as they confronted their first gas scarcity since WWII.
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