An Energy Crisis-In 1957?

The premise here is that the Suez Crisis widens and leads to an earlier Arab oil embargo against the West. How does this affect Middle Eastern policy in the Cold War era, and does it provide the impetus for Americans to turn away from the "Yank tanks" of the Fifties towards compact cars a la the Studebaker Avanti and the AMC Rambler? (The Avanti wasn't introduced until 1963 OTL, but perhaps an earlier version might have appeared...) Perhaps more importantly, does America become more energy conscious a decade and a half early?

(There was also a recession in 1958-which surely would have been affected by an earlier oil embargo...)
 
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