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More than 5000 entries on the history, culture and life of Britain (published in 1993 by Macmillan, now out of print)
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Oil Crisis
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The unsettling effect on western economies caused by the steep increase in oil prices imposed in the mid-1970s by OPEC (Organization of Oil Exporting Countries). In 1973–4 oil prices rose by 300%. Goverment response in Britain included two major fuel-saving measures: the introduction of a three-day week in factories and offices, which lasted from January to March 1974 (this period also included a *miners' strike); and a 50 mph speed limit on all roads, imposed in December 1973 and lifted in May 1974.
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