Skip to main content
U.S. Department of Energy
Office of Scientific and Technical Information

Economic diplomacy. The political dynamics of oil leverage

Book ·
OSTI ID:5603558

This study probes the 1973-1974 Arab oil embargo, detailing its history, the motivations that caused it and its ripple effect on world politics and the international economic order. The authors examine the interruption of oil supplies to Western Europe during the 1956 Suez Canal crisis, the growing momentum of Arab oil leverage beginning with the First Arab Petroleum Congress in 1959, the decline of the oil companies' domination of the petroleum industry, and the Arab political environment between the 1967 Arab defeat and the 1973 Arab oil embargo. The book concludes with a discussion of the lessons to be learned from the recent embargoes.

OSTI ID:
5603558
Country of Publication:
United States
Language:
English