The 1973 Oil Crisis: 40 Years Later

Forty years ago this month, the Organization of Arab Petroleum Exporting Countries (consisting of OPEC’s Arab members plus Egypt, Syria and Tunisia) began an oil embargo that would last through March of 1974.

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Opel Kadett: The One That Got Away
At around 2:00 PM on the afternoon of October 6, 1973, more than 200 Soviet built Egyptian aircraft began to assault Israeli air bases and missile emplacements north of the Suez canal and the established line of defense, known as the Bar Lev Line. During the night that followed, Egyptian combat engineers crossed the canal in small boats and used gasoline powered pumps to throw streams of high pressure water against the massive sand wall the Israeli forces had erected at the water’s edge following their 1967 conquest of the Sinai. The water eroded the wall with amazing efficiency and by the next day more than 50,000 Egyptian troops and 400 tanks had made their way across the Suez, through the remains of the Bar Lev line and out onto the Sinai desert where they forced the Israeli military back in disarray. The offensive, known as Operation Badr was the opening of the 1973 Yom Kippur War and it makes interesting reading. The conflict had lasting effects in region and some say that it helped to set the stage for the Camp David Accords and eventually led to the peace treaty that President Carter helped negotiate between Egypt and Israel. The war also had effects closer to home and, thanks in part to the Arab Oil Embargo that was a direct result of America’s support of Israel during the conflict, it led to a new, fuel efficient car appearing in my family’s driveway.
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  • Probert They already have hybrids, but these won't ever be them as they are built on the modular E-GMP skateboard.
  • Justin You guys still looking for that sportbak? I just saw one on the Facebook marketplace in Arizona
  • 28-Cars-Later I cannot remember what happens now, but there are whiteblocks in this period which develop a "tick" like sound which indicates they are toast (maybe head gasket?). Ten or so years ago I looked at an '03 or '04 S60 (I forget why) and I brought my Volvo indy along to tell me if it was worth my time - it ticked and that's when I learned this. This XC90 is probably worth about $300 as it sits, not kidding, and it will cost you conservatively $2500 for an engine swap (all the ones I see on car-part.com have north of 130K miles starting at $1,100 and that's not including freight to a shop, shop labor, other internals to do such as timing belt while engine out etc).
  • 28-Cars-Later Ford reported it lost $132,000 for each of its 10,000 electric vehicles sold in the first quarter of 2024, according to CNN. The sales were down 20 percent from the first quarter of 2023 and would “drag down earnings for the company overall.”The losses include “hundreds of millions being spent on research and development of the next generation of EVs for Ford. Those investments are years away from paying off.” [if they ever are recouped] Ford is the only major carmaker breaking out EV numbers by themselves. But other marques likely suffer similar losses. https://www.zerohedge.com/political/fords-120000-loss-vehicle-shows-california-ev-goals-are-impossible Given these facts, how did Tesla ever produce anything in volume let alone profit?
  • AZFelix Let's forego all of this dilly-dallying with autonomous cars and cut right to the chase and the only real solution.