Time for our planners revisit the topic of energy security

During the first oil shock in 1973, a result of the Yom Kippur war, oil-importing countries had to scramble for oil. To punish countries that supported Israel in the Yom Kippur war, Gulf OPEC countries reduced their oil exports to them. The US was one of the major countries that had to face the brunt of the loss of oil supply. People had to wait for hours to get their petrol. In some US cities, there were riots while waiting in long queues. It is such experience that led to the need for having strategic petroleum reserves (SPR).