Abstract
Like the 1970–71 turning point in OPEC’s fortunes exemplified by the Tehran, Tripoli and related agreements, the 1973–74 oil price explosion had its roots in a complex interplay of economic and political forces — but on a significantly magnified scale. This time the gathering intimations of war were for real; and for the first time the Arab oil producers made systematic and effective use of their oil resources as an international political weapon.
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Notes
Anwar el-Sadat: In Search of Identity, London, Collins, 1978, p. 238.
Mohamed Heikal: The Road to Ramadan, London, Collins, 1975, p. 266.
The Cairo weekly al-Musawwar, August 4, 1972; MEES, August 4,1972.
Ian Seymour in The New York Times, October 7, 1973.
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Seymour, I. (1980). The 1973–74 Breakthrough — OPEC Takes Control. In: OPEC. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05794-8_5
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DOI: https://doi.org/10.1007/978-1-349-05794-8_5
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