Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (1545867)	6/30/2025 3:59:21 PM
From: Wharf Rat	1 Recommendation Recommended By Eric Respond to of 1576323

"Since the mid-1970s, that trend has reversed." Every once in a while, Rat opines about the "why", as in this response to "The period between the end of WWII up to 1980 was a special period". Actually, the period between the war and Oct.'73 was special. After that, everything changed, beginning with Mom getting a job so that Pop could afford to buy gas to drive to work. The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of OPEC plus Egypt and Syria) proclaimed an oil embargo. By the end of the embargo in March 1974, [1] the price of oil had risen from US$3 per barrel to nearly $12 globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. [2] It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock." en.wikipedia.org