OPEC precipitates energy crisis making West pay for supporting Israel

Category
Trade
Place
Global
Date
1973
Reference
Excerpts from Books and Wikipedia
"But US support for Israel did not falter, and alternative sources of oil were developed. Within a month, Congress approved the construction of the Trans-Alaskan oil pipeline, capable of delivering 2 million barrels per day, OPEC's power faded within a decade." [Furtado: 1001 Days]

This event is linked to the following periods

PeriodMiner
Begin
End
Category
Trade
-3800
2020
Transcultural