WhatFinger

Politicians, policy makers and journalists may remember the embargo, but ignore its lessons

Remembering the 1973 Arab oil embargo


This fall marks the fortieth anniversary of the Arab oil embargo, a painful episode in American history that had a profound effect on both the economy and psyche of the United States. It began in mid-October 1973, following the US decision to resupply Israel with weaponry after Egypt and Syria launched a surprise attack on Yom Kippur, the holiest day of the Jewish year.
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