Example sentences of "the first oil [noun sg] " in BNC.

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1 Although the Yom Kippur War triggered the first oil price shock , this was not the cause .
2 The collapse of the IMF system in March 1973 and the first oil price shock of 1973 – 74 resulted in the EC member countries abandoning the implementation of the Werner Plan .
3 And in addition many of the conservation measures adopted following the first oil shock began to come to fruition .
4 This follows two attempts to boost coal production in France — in 1973 following the first oil shock and in 1981 when the Left took power .
5 Before the first oil shock of 1973/4 when prices quadrupled — conservation was a seldom used word with little media appeal which meant curbing our voracious appetites for energy , to slow the depletion rate of finite and diminishing fossil fuel resources .
6 The message of the first oil shock was driven home by the second , when the Iranian revolution caused a further doubling of world crude prices .
7 First , there was a very large increase in the share of petroleum imports from 1973 to 1976 , mainly as a result of the first oil shock ; and again from 1979 to 1982 , as a result of the second oil shock .
8 In the aftermath of the first oil shock , however , there was a greater tendency for OPEC countries to diversify their assets into traditionally strong currencies such as the Deutschmark and Swiss franc , a move which effectively boosted the international value of these currencies .
9 The smoothness with which the financial system dealt with the first oil shock surprised most people and suggested that the new floating exchange rate regime might cope better with large shocks of this type than the adjustable peg system would have .
10 After the first oil shock in 1973 , demand for steel began to fall in the industrial countries .
11 In the 1960s there is evidence that the process of equalisation began to slow down somewhat and statistics suggest that the first oil shock of 1973 actually reversed the trend altogether with disparities tending to widen .
12 Following the first oil shock , inflation rose from a figure of about 5 per cent in both countries in the early 1970s to an annual average of 16 per cent in Britain and 19 per cent in Spain in the period 1973–8 .
13 Energy saving does not date from the first oil crisis .
14 Cheap solar energy conversion has been a dream of some scientists since the first oil crisis back in the late 1970s .
15 Despite the evident lack of competitiveness of much of the British economy , and the impact of the first oil crisis , total employment showed no overall fall during the 1970s , a decade which witnessed the widespread diffusion of computers .
16 The first oil crisis created particular concern in this respect , but the development of the Euro-currency market greatly facilitated the process .
17 This was particularly the case after the first oil crisis when the Euro-currency market may have responded too easily to the financing needs of some countries , effectively building up problems for the future .
18 The first oil crisis gave rise to renewed demand for dollars , since payments to oil exporting countries are made in this form , but in the late 1970s this was followed by another dollar crisis which undermined its integrity as the key international reserve asset .
19 When the first oil crisis sent the British economy downhill , the response of the then Labour government was to try and expand its way out of trouble .
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