1979 energy crisis

An energy crisis: There was one. Oil. Black gold. Texas "T." The Arab nations comprising OPEC banned together to take advantage of Jimmy Carter's weak foreign policy (which culminated in the Iranian capture of a bunch of U.S. diplomats for over a year). The group constrained oil supply a modest 5-ish percent, but demand panic sent prices skyrocketing. Hour long lines at gas stations. Fights. Crazy expensive prices with gasoline kissing over $15 a gallon at today's prices. Hey OPEC, try that again and let's see what Elon Musk does to you.