OPEC slips on its own oil

We are poking a thumb in OPEC’s eye. It feels good.

The oil-producing countries of OPEC humiliated this country in 1973-74. They stopped selling oil to us. They did so because we sold weapons to Israel for its war against Syria and Egypt.

Led by the Saudis, they quadrupled the price of oil. This wreaked all sorts of havoc in this country and the world. Some believe it helped cause our stock market to crash…


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