The Prize: The Epic Quest for Oil, Money, and Power
Why did world oil consumption grow so fast in the period between 1949 and 1972? Which countries or areas experienced this growth?
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Places like Europe, the US, and Japan saw large oil consumption increases during this period. Some of this growth was fueled by rising standards of living, which led people to buy and use electrical appliances, multiple cars per family, and so on. The factories that built these items also generally relied on oil for fuel.