In 1973 the US and several other countries supported Israel in the Yom Kippur War. In return, the Organization of Arab Petroleum Exporting Countries placed an oil embargo on Israel's allies. Yet despite these actions, the US helped end the war -- fortunately for the Egyptians, as the Israelis were practically in Cairo by October the 23rd.
This might be naive, but it seems to me that the US could have demanded that Egypt at least lift its oil embargo -- otherwise, the IDF would crush the Third Army and march right on into Cairo. Now, granted, most members of OAPEC were not at war with Israel, but would they have ended the embargo if Egypt had been forced to put pressure on them to do so?
Also, at the time Iran was a US ally, yet they too participated in the embargo. From what I've read this doesn't seem to have had any effect on relations. It seems strange that these countries, several of whom more or less dependent on the United States, were able to proclaim this embargo. Especially considering they were asking the US to intervene on their side in a war they started with no more of a legitimate casus belli than that of Germany in 1939.
What effects this would have is debatable; our technology might still be very energy-inefficient, but then again, it might not. Regardless, could the United States have used their power (in any way short of invading OAPEC) to end the Oil Crisis early on?