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This publication seeks to convince the reader that the time of the oil crises, especially the oil crisis of 1973, was a beloved field of research for many economic historians; not to say, a lot of people would not even think that this topic is still a truly exciting research area. This book is a good start to understand the function of energy industry and the mystery of energy problems. One of the most interesting questions of the economic history is the role of oil crises in the global economy. However, after a general overview, the second part intends to focus on only one specific area: Great Britain. Therefore, the book is divided into two main parts: firstly, the events of the oil crisis of 1973, examined through qualitative analysis and quantitative analysis. In the second part, the research methods are the same, only the main focus of the book narrowed down to the territory of Great Britain. Both of the parts are structured to examine and discuss the situation before 1973, at the time of the first oil crisis, and after 1973. These results lead to the final conclusion based on the central issue of the topic: the role of the oil crisis of 1973 as an economic turning point.

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Réka Gyuranecz,2010-2013: International Administration BSc, National University of Public Service, Budapest, Hungary.2013-2015: Management and Leadership - Business Consulting MSc,Szent István University, Budapest, Hungary.2013-2016: Global History and Global Studies MA, University of Vienna, Vienna, Austria.

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