Abu Juwairiya
Junior Member
"As early as 1974, [US] Secretary of State Henry Kissinger announced after a series of discussions with oil-exporting Arab countries that the use of petroleum as a weapon to influence the outcome of the Arab-Israeli conflict had little merit in reality.
In fact, some supply disruptions unrelated to the conflict appear to have contributed
significantly to the oil shock of 1973–4.
Meanwhile, Saudi Arabia was secretly selling oil to the U.S. military to help fuel America’s operations for the Vietnam War, even as it was publicly announcing its oil-sale boycott of America in solidarity to the Arab cause." (Source: 'Oil, Dollars, Debt and Crisis, The Global Curse of Black Gold' By Amy Myers and Mahmoud A El-Gamel, P 7, 2010)
In fact, some supply disruptions unrelated to the conflict appear to have contributed
significantly to the oil shock of 1973–4.
Meanwhile, Saudi Arabia was secretly selling oil to the U.S. military to help fuel America’s operations for the Vietnam War, even as it was publicly announcing its oil-sale boycott of America in solidarity to the Arab cause." (Source: 'Oil, Dollars, Debt and Crisis, The Global Curse of Black Gold' By Amy Myers and Mahmoud A El-Gamel, P 7, 2010)