Irish Examiner view: Reliance on fossil fuels leaves us vulnerable
Home heating oil being delivered. Today, we have alternatives to oil. Technological advances, driven by an awareness of the environmental damage caused by burning fossil fuels and the desire to reduce our dependence on imports, mean that Ireland should no longer be as vulnerable to this kind of international crisis. File picture
In 1973, Ireland and other developed countries were plunged into crisis by an oil price shock that saw the price of oil triple between September and December of that year.
The cause bears some similarities to the reasons for the current rise in oil prices.
Revoiced
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