OPEC oil embargo
Category: Reference, Education and News > Current Events
Asked by: lolonaples-ga
List Price: $10.00
14 Dec 2005 15:15 PST
Expires: 13 Jan 2006 15:15 PST
Question ID: 605930
Did OPEC withold oil because the United States showed Israel preferential status? I believe I read this in the Washington Post late 1972-73. Is it factual?
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Re: OPEC oil embargo
From: aliofcali-ga on 28 May 2006 13:56 PDT
The book "The Prize" by Yergin does imply that OPEC was using oil pricing and with-holding of production as a political tool to have greater influence over the Middle East. I recommend reading the book - it is very long, but I think the best description of the history of oil through modern days.
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