Download "Gas Crisis 1974"
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The Gas Crisis impact was felt even on military bases like Fort Shafter in Hawaii. The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC (consisting of the Arab members of OPEC, plus Egypt, Syria and Tunisia) proclaimed an oil embargo. Earlier that year, Egypt and Syria, with the support of other Arab nations, launched a surprise attack on Israel on the holiest day of the Jewish calendar, Yom Kippur. As Israel was vastly outnumbered, the United States chose to re-supply Israel and in response, OPEC decided to "punish" the United States. It lasted until March 1974. With the Arab nations actions seen as initiating the oil embargo and the long-term possibility of high oil prices, disrupted supply, and recession, a strong rift was created within NATO. Additionally, some European nations and Japan sought to disassociate themselves from the U.S. policy in the Middle East. Arab oil producers had also linked the end of the embargo with successful U.S. efforts to create peace in the Middle East, which complicated the situation. To address these developments, the Nixon Administration began parallel negotiations with both Arab oil producers to end the embargo, and with Egypt, Syria, and Israel to arrange an Israeli pull back from the Sinai and the Golan Heights after the Arabs withdrew from Israeli territory. By January 18, 1974, Secretary of State Henry Kissinger had negotiated an Israeli troop withdrawal from parts of the Sinai. The promise of a negotiated settlement between Israel and Syria was sufficient to convince Arab oil producers to lift the embargo in March 1974. For availability and licensing inquiries, please contact: https://www.globalimageworks.com/contact Ref: S019
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