The Arab Oil Embargo 50 Years Later: Lessons Learned and Missed Opportunities

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This year marks the fiftieth anniversary of the world’s first oil shock, when the Organization of Arab Petroleum Exporting Countries (OAPEC) declared an embargo on oil shipments to Western countries. Oil prices quadrupled in the next few months, but the embargo’s consequences for energy, domestic politics, and international relations were bigger and longer lasting than the price spike at the pump.

Join Hudson Senior Fellows Brigham McCown and Arthur Herman as they explore the past and present of the 1973 oil embargo with distinguished industry leaders in a two-part panel discussion. The panels will accompany a keynote address from Mike Sommers, president and CEO of the American Petroleum Institute.

Read Herman’s recent report on the lessons of the crisis, From Fueling Victory to Running on Empty, here.

Agenda

10:30 a.m.: Coffee and Reception

11:00 a.m.: Panel One: Impact of the 1973 Embargo

• Arthur Herman, Senior Fellow, Hudson Institute
• Jonathan Schachter, Senior Fellow, Hudson Institute
• Robert Heyat, Former Director General, Engineering and Contracting Division, National Iranian Oil Company

12:00 p.m.: Lunch and Keynote Address

• Mike Sommers, President and CEO, American Petroleum Institute (API)

1:00 p.m.: Panel Two: Lessons Learned

• Brigham McCown, Director, Initiative on American Energy Security, Hudson Institute
• Thomas J. Duesterberg, Senior Fellow, Hudson Institute
• Lucian Pugliaresi, President, Energy Policy Research Foundation Inc. (EPRINC) 
• Jack Spencer, Senior Research Fellow for Energy and Environmental Policy, Center for Energy, Climate, and Environment, Heritage Foundation

2:00 p.m.: Event Concludes