The Oil Crisis

preview-18
  • The Oil Crisis Book Detail

  • Author : Fiona Venn
  • Release Date : 2016-07-01
  • Publisher : Routledge
  • Genre : History
  • Pages : 231
  • ISBN 13 : 1317884000
  • File Size : 72,72 MB

The Oil Crisis by Fiona Venn PDF Summary

Book Description: In October 1973 two crises – one economic, one political – intersected, with dramatic and long term consequences for international relations. On 6 October, Egypt and Syria launched an attack on Israel, and within a few days the major Arab oil producers announced their support by use of the ‘oil weapon’, including a boycott of supplies for countries friendly to Israel and a programme of production cuts. This was followed by the unilateral declaration of a steep increase in the price of oil by the Organization of Petroleum Exporting Countries (OPEC). The result was international panic and world recession. Crude oil prices soared by a massive fourfold in just three months. The West's vulnerability had been exposed: it was being held hostage to oil. Yet, despite efforts to address this dependence on oil imports in following years, the 1979 Iranian Revolution triggered a further upward surge in prices. Today, the importance of oil remains at the forefront of the West's foreign policy calculations in the Middle East. In this fascinating and timely new look at the oil crisis, Fiona Venn examines these issues and the more unexpected effects of the crisis. She asks just how much really changed in the economic balance of power. Most importantly she argues that OPEC was used as a scapegoat for the world recession, which had been already underway when the crisis detonated.

Disclaimer: www.yourbookbest.com does not own The Oil Crisis books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Oil Crisis

The Oil Crisis

File Size : 65,65 MB
Total View : 8642 Views
DOWNLOAD

In October 1973 two crises – one economic, one political – intersected, with dramatic and long term consequences for international relations. On 6 October,

Oil Shock

Oil Shock

File Size : 65,65 MB
Total View : 4119 Views
DOWNLOAD

The 1973 'Oil Shock' is considered a turning point in the history of the twentieth century. At the time it seemed to mark a definitive shift from the era of low

The Myth of the Oil Crisis

The Myth of the Oil Crisis

File Size : 64,64 MB
Total View : 7452 Views
DOWNLOAD

With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. Watch out, say doomsayers,

Panic at the Pump

Panic at the Pump

File Size : 96,96 MB
Total View : 245 Views
DOWNLOAD

"A detailed historical narrative of the U.S. energy crisis in the 1970s and how policymakers responded to the turmoil"--

The Netherlands and the Oil Crisis

The Netherlands and the Oil Crisis

File Size : 89,89 MB
Total View : 227 Views
DOWNLOAD

This incisive study examines the role of the Netherlands in the October War and the oil crisis of 1973. The authors contend that the actions of the Dutch govern