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Politics : War
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To: Tom Clarke who wrote (6735)10/13/2001 4:05:18 PM
From: goldsnow   of 23908
 
Second chance?

ssc.upenn.edu

As the world oil market tightened, the Arab world became more vocal in calling for use of the oil weapon to achieve their economic and political objectives. This was most acutely realized in the oil embargo during the 1973 October War between Egypt and Israel. Saudi Arabia refused to increase production in order to halt rising prices unless the U.S. backed the Arab position. Arab oil ministers than agreed to an embargo to further their political objectives. Productin would be cut by 5 percent per month until the West backed down
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