The 1973 Oil Crisis
An insider's account of the oil crisis in 1973 when Arab nations cut oil production in protest at American support for Israel during the October war.
In October 1973 Arab nations slashed oil production in protest at American support for Israel during it's war against Egypt and Syria. Oil prices sky-rocketed. We hear from former deputy secretary general of OPEC, Dr Fadhil Chalabi, about the struggle for control of oil in the early 1970s.
(Photo: An American car displays a 'No Gas' sign during the 1973-74 oil crisis)
- Thu 30 Oct 2014 08:50GMT