Asian Spectator


The Times

.

Rising oil prices, surging inflation: The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?

  • Written by Jim Krane, Fellow in Energy Studies, Baker Institute for Public Policy; Lecturer, Rice University
Rising oil prices, surging inflation: The Arab embargo 50 years ago weaponized oil to inflict economic trauma – sound familiar?Cars lined up for gasoline in New Jersey in 1973 as supplies ran low and prices shot upward.Frederic Lewis/Archive Photos/Getty Images

Fifty years ago, a secret deal among Arab governments triggered one of the most traumatic economic crises to afflict the United States and other big oil importers.

Saudi King Faisal and other Arab leaders launched...

More Articles ...

  1. Why the crisis in Israel is putting pressure on GOP to act over vacant House speaker role
  2. Israel has no good options for dealing with Hamas' hostage-taking in Gaza
  3. Comets 101 − everything you need to know about the snow cones of space
  4. What is seawater intrusion? A hydrogeologist explains the shifting balance between fresh and salt water at the coast
  5. Your immune system makes its own antiviral drug − and it's likely one of the most ancient
  6. Students understand calculus better when the lessons are active
  7. The Gaza Strip − why the history of the densely populated enclave is key to understanding the current conflict
  8. America's farmers are getting older, and young people aren't rushing to join them
  9. Peace in Sudan is elusive for any would-be mediators – but a new window of opportunity has opened for outside intervention
  10. Exxon, Apple and other corporate giants will have to disclose all their emissions under California's new climate laws – that will have a global impact

Magazine

What to Consider Before Choosing a Cardboard Box Manufacturer

Start With the Packaging Purpose The right packaging begins with a clear understanding of what the box needs to do. A cardboard box manufacturer can help translate requirements such as product prot...

Why Emotional Battles Drain Your Wealth During Separation

Navigating a marriage ending is fundamentally a structural transition, not just an emotional event. When you approach separation with a clear roadmap, you protect your long term financial stability ...

How Long Does Botox Really Last? A Realistic Timeline

Someone might notice a line between their eyebrows getting deeper after a stressful week, or catch their forehead creasing in a video call in a way it did not before. It is a small observation, easy...

hacklink zlibraryzlibraryzlibraryCasino SitelericasibomcasibomPadişahbetgalabet güncel girişVipparkjojobetjustintvbetoffice giristaraftariummeritkinghacklink panelStreamEastmarsbahisuk casinos not on gamstophttps://www.capitolcitycinema.org/güvenilir casino siteleri