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ORIGINAL: thompsonx

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ORIGINAL: BamaD



The embargo could be fairly described as economic warfare.

There was never an embargo there was an increase in price.

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During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations. Arab OPEC members also extended the embargo to other countries that supported Israel including the Netherlands, Portugal, and South Africa. The embargo both banned petroleum exports to the targeted nations and introduced cuts in oil production. Several years of negotiations between oil-producing nations and oil companies had already destabilized a decades-old pricing system, which exacerbated the embargo’s effects.

The 1973 Oil Embargo acutely strained a U.S. economy that had grown increasingly dependent on foreign oil. The efforts of President Richard M. Nixon’s administration to end the embargo signaled a complex shift in the global financial balance of power to oil-producing states and triggered a slew of U.S. attempts to address the foreign policy challenges emanating from long-term dependence on foreign oil.

By 1973, OPEC had demanded that foreign oil corporations increase prices and cede greater shares of revenue to their local subsidiaries. In April, the Nixon administration announced a new energy strategy to boost domestic production to reduce U.S. vulnerability to oil imports and ease the strain of nationwide fuel shortages. That vulnerability would become overtly clear in the fall of that year.

The onset of the embargo contributed to an upward spiral in oil prices with global implications. The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies. Since the embargo coincided with a devaluation of the dollar, a global recession seemed imminent. U.S. allies in Europe and Japan had stockpiled oil supplies, and thereby secured for themselves a short-term cushion, but the long-term possibility of high oil prices and recession precipitated a rift within the Atlantic Alliance. European nations and Japan found themselves in the uncomfortable position of needing U.S. assistance to secure energy sources, even as they sought to disassociate themselves from U.S. Middle East policy. The United States, which faced a growing dependence on oil consumption and dwindling domestic reserves, found itself more reliant on imported oil than ever before, having to negotiate an end to the embargo under harsh domestic economic circumstances that served to diminish its international leverage. To complicate matters, the embargo’s organizers linked its end to successful U.S. efforts to bring about peace between Israel and its Arab neighbors.

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ORIGINAL: NorthernGent

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ORIGINAL: dcnovice

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The point being that you deal with the threat, should we have waited till there were Nazi soldiers on American soil? The Germans and Italians hadn't done anything to us and we declared war on them anyway.

Well, we actually did wait--to the deep dismay of the British--until we were attacked at Pearl Harbor. I think the Germans declared war on us first, in response to our declaring war against Japan, but I'm too tired to hit the books tonight. Not sure about Italy.

The Germans did declare war on the US, but I don't think it had anything to do with Japan.

It was more that Hitler and associated odd-balls were a pack of lunatics, who, while deeply embroiled in attempting to conquer Russia; thought it would be a good idea to declare war on the United States at the same time.

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ORIGINAL: Zonie63

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ORIGINAL: thompsonx

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ORIGINAL: BamaD



The embargo could be fairly described as economic warfare.

There was never an embargo there was an increase in price.

Actually, there was an embargo.

https://history.state.gov/milestones/1969-1976/oil-embargo

quote:

During the 1973 Arab-Israeli War, Arab members of the Organization of Petroleum Exporting Countries (OPEC) imposed an embargo against the United States in retaliation for the U.S. decision to re-supply the Israeli military and to gain leverage in the post-war peace negotiations. Arab OPEC members also extended the embargo to other countries that supported Israel including the Netherlands, Portugal, and South Africa. The embargo both banned petroleum exports to the targeted nations and introduced cuts in oil production. Several years of negotiations between oil-producing nations and oil companies had already destabilized a decades-old pricing system, which exacerbated the embargo’s effects.

The 1973 Oil Embargo acutely strained a U.S. economy that had grown increasingly dependent on foreign oil. The efforts of President Richard M. Nixon’s administration to end the embargo signaled a complex shift in the global financial balance of power to oil-producing states and triggered a slew of U.S. attempts to address the foreign policy challenges emanating from long-term dependence on foreign oil.

By 1973, OPEC had demanded that foreign oil corporations increase prices and cede greater shares of revenue to their local subsidiaries. In April, the Nixon administration announced a new energy strategy to boost domestic production to reduce U.S. vulnerability to oil imports and ease the strain of nationwide fuel shortages. That vulnerability would become overtly clear in the fall of that year.

The onset of the embargo contributed to an upward spiral in oil prices with global implications. The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies. Since the embargo coincided with a devaluation of the dollar, a global recession seemed imminent. U.S. allies in Europe and Japan had stockpiled oil supplies, and thereby secured for themselves a short-term cushion, but the long-term possibility of high oil prices and recession precipitated a rift within the Atlantic Alliance. European nations and Japan found themselves in the uncomfortable position of needing U.S. assistance to secure energy sources, even as they sought to disassociate themselves from U.S. Middle East policy. The United States, which faced a growing dependence on oil consumption and dwindling domestic reserves, found itself more reliant on imported oil than ever before, having to negotiate an end to the embargo under harsh domestic economic circumstances that served to diminish its international leverage. To complicate matters, the embargo’s organizers linked its end to successful U.S. efforts to bring about peace between Israel and its Arab neighbors.

Another article on the subject:

http://www.npr.org/blogs/parallels/2013/10/15/234771573/the-1973-arab-oil-embargo-the-old-rules-no-longer-apply

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ORIGINAL: thompsonx

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ORIGINAL: Zonie63

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ORIGINAL: thompsonx



There was never an embargo there was an increase in price.

Actually, there was an embargo.

Your source seems to be as ignorant of the meaning of the word embargo as you are.
There was never an embargo there was an increase in price.
It would help if you knew what the fuck an embargo is.

https://www.google.com/?gws_rd=ssl#q=embargo

quote:

em·bar·go
emˈbärgō/
noun
noun: embargo; plural noun: embargoes
1.
an official ban on trade or other commercial activity with a particular country.
"an embargo on grain sales"
an official prohibition on any activity.
synonyms: ban, bar, prohibition, stoppage, interdict, proscription, veto, moratorium; More
historical
an order of a state forbidding foreign ships to enter, or any ships to leave, its ports.
archaic
a stoppage, prohibition, or impediment.
verb
verb: embargo; 3rd person present: embargoes; past tense: embargoed; past participle: embargoed; gerund or present participle: embargoing
1.
impose an official ban on (trade or a country or commodity).
"the country has been virtually embargoed by most of the noncommunist world"
officially ban the publication of.
3rd person present: embargos
"documents of national security importance are routinely embargoed"
synonyms: ban, bar, prohibit, stop, interdict, debar, proscribe, outlaw; More
antonyms: allow
2.
archaic
seize (a ship or goods) for state service.

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October 17—OAPEC oil ministers agree to use oil as a weapon to influence the West's support of Israel in the Yom Kippur war. They recommend an embargo against non-complying states and mandate a cut in exports.
October 19—US President Richard Nixon requests Congress to appropriate $2.2 billion in emergency aid to Israel. This decision triggered a collective Arab response.[16] Libya immediately proclaims an embargo on oil exports to the United States;[17] Saudi Arabia and other Arab oil producing states follow suit the next day.[17]
October 26—The Yom Kippur War ends.
November 5—Arab producers announce a 25% output cut. A further 5% cut is threatened.
November 23—The Arab embargo is extended to Portugal, Rhodesia, and South Africa.
November 27—U.S. President Richard Nixon signs the Emergency Petroleum Allocation Act authorizing price, production, allocation and marketing controls.
December 9—Arab oil ministers agree to another five percent cut for non-friendly countries for January 1974.
December 25—Arab oil ministers cancel the five percent output cut for January. Saudi oil minister Ahmed Zaki Yamani promises a ten percent OPEC production rise.
January 7–9, 1974—OPEC decides to freeze prices until April 1.
January 18—Israel signs a withdrawal agreement to pull back to the east side of the Suez Canal.
February 11 – United States Secretary of State Henry Kissinger unveils the Project Independence plan to make U.S. energy independent.
February 12–14—Progress in Arab-Israeli disengagement brings discussion of oil strategy among the heads of state of Algeria, Egypt, Syria and Saudi Arabia.
March 5—Israel withdraws the last of its troops from the west side of the Suez Canal.
March 17—Arab oil ministers, with the exception of Libya, announce the end of the embargo against the United States.

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ORIGINAL: thompsonx

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ORIGINAL: Zonie63

We as in "The United States of America." It doesn't matter if you personally use gasoline or not. It also affects any product you might use that is shipped using gasoline. The "current situation" is not just about the Middle East, but also about the current state of our economy and the well-being of the people. It's pretty clear that decisions made back in the 1970s fucked the government and fucked America as a whole.

The policies were made by the rich for the rich what remains today sitll does the same thing.

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It's not much of an argument to say that the "rich got richer," since they're the same imbeciles who made the decisions that put America in this sorry position in the first place.

The sorry position that makes their bank accounts fatter?

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They're far worse than whatever "armchair warriors" there are around here.

The chairborn rangers here are their sycophants.

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ORIGINAL: thompsonx

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ORIGINAL: NorthernGent

The Germans did declare war on the US, but I don't think it had anything to do with Japan.

If one reads the declaration and the speech that accompanied it there can be no doubt that italy and germany declared war on the u.s. because of the u.s. declaration of war on japan.

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ORIGINAL: thompsonx

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ORIGINAL: NorthernGent

It was more that Hitler and associated odd-balls were a pack of lunatics, who, while deeply embroiled in attempting to conquer Russia; thought it would be a good idea to declare war on the United States at the same time.

Hitler did not think it was a good idea but the treaty with japan obligated him to do so.

quote:

October 17—OAPEC oil ministers agree to use oil as a weapon to influence the West's support of Israel in the Yom Kippur war. They recommend an embargo against non-complying states and mandate a cut in exports.


Operant word here is recommend.

October 19—US President Richard Nixon requests Congress to appropriate $2.2 billion in emergency aid to Israel. This decision triggered a collective Arab response.[16] Libya immediately proclaims an embargo on oil exports to the United States;[17]


How difficult would it be for you to find out how much we imported from lybia before the so called "embargo"?


Saudi Arabia and other Arab oil producing states follow suit the next day.[17]
October 26—The Yom Kippur War ends.
November 5—Arab producers announce a 25% output cut. A further 5% cut is threatened.

How muh was actually cut?


November 23—The Arab embargo is extended to Portugal, Rhodesia, and South Africa.

They are really not part of the u.s.

November 27—U.S. President Richard Nixon signs the Emergency Petroleum Allocation Act authorizing price, production, allocation and marketing controls.
December 9—Arab oil ministers agree to another five percent cut for non-friendly countries for January 1974.

How much was actually cut?

December 25—Arab oil ministers cancel the five percent output cut for January. Saudi oil minister Ahmed Zaki Yamani promises a ten percent OPEC production rise.

Wow 16 days of threatened cuts in production followed by a real increase.


January 7–9, 1974—OPEC decides to freeze prices until April 1.

This would have the effect of stabalizing prices would it not?




January 18—Israel signs a withdrawal agreement to pull back to the east side of the Suez Canal.
February 11 – United States Secretary of State Henry Kissinger unveils the Project Independence plan to make U.S. energy independent.
February 12–14—Progress in Arab-Israeli disengagement brings discussion of oil strategy among the heads of state of Algeria, Egypt, Syria and Saudi Arabia.
March 5—Israel withdraws the last of its troops from the west side of the Suez Canal.
March 17—Arab oil ministers, with the exception of Libya, announce the end of the embargo against the United States.

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ORIGINAL: thompsonx

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ORIGINAL: FieryOpal

and wanting to avoid making the same mistakes Napoleon had made,

Going to an ass kicking contest barefoot?

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ORIGINAL: thompsonx


ORIGINAL: NorthernGent

The Germans did declare war on the US, but I don't think it had anything to do with Japan.

If one reads the declaration and the speech that accompanied it there can be no doubt that italy and germany declared war on the u.s. because of the u.s. declaration of war on japan.

It was more that Hitler and associated odd-balls were a pack of lunatics, who, while deeply embroiled in attempting to conquer Russia; thought it would be a good idea to declare war on the United States at the same time.

Hitler did not think it was a good idea but the treaty with japan obligated him to do so.

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ORIGINAL: NorthernGent

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ORIGINAL: thompsonx


ORIGINAL: NorthernGent

The Germans did declare war on the US, but I don't think it had anything to do with Japan.

If one reads the declaration and the speech that accompanied it there can be no doubt that italy and germany declared war on the u.s. because of the u.s. declaration of war on japan.

It was more that Hitler and associated odd-balls were a pack of lunatics, who, while deeply embroiled in attempting to conquer Russia; thought it would be a good idea to declare war on the United States at the same time.

Hitler did not think it was a good idea but the treaty with japan obligated him to do so.

Not true at all.

The Japanese did not declare war on Russia, because they were somewhere approaching sanity. Whereas Hitler and his mates were clearly not a full shilling.

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ORIGINAL: thompsonx
How much oil were we deprived of by this so called "embargo"?