When Does "Licorice Pizza" (2021) Take Place?

"Licorice Pizza" is a romantic-comedy historical fiction film written by Paul Thomas Anderson and released November 26th, 2021. 


It takes place in the year: 

1973 AD 


We know this because the famous Arab-controlled countries oil embargo is depicted as a background event partway through and it occurred on October 20th, 1973 AD. 

The embargo even affects the plot as the shortage of oil leads to a shortage of plastic affecting a characters' small business. 


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