World's Spigot

World's Spigot

(Download full-sized image here.)

Creator:

Bob Palmer

Publication:

Reprinted in Best Editorial Cartoons of the Year 1975

Publication Date:

1974

Description:

In 1973, the Organization of Petroleum Exporting Countries (OPEC) decided to withhold shipment of oil to countries that supported Israel in the ongoing war between OPEC countries (and Syria and Egypt) and Israel. The embargo was lifted in 1974, but OPEC took additional measures to increase the price of crude oil on international markets, making the price of gasoline for the consumer skyrocket. Referred to as the Energy Crisis, these events exposed the dependency of the world on the oil of Arab countries.

Source:

The Billy Ireland Cartoon Library & Museum at Ohio State University