Producer Symbolism) at that time, the oil balance of these countries was not as critical as it is today, and they were not really depending on "foreign" oil. The entire situation changed with the October War which started shortly after midday on Saturday, October 6, 1973 with a concerted attack by Egypt and Syria on Israel. (Oil Price History and Analysis)

At the same time, one has to remember three important factors regarding the situation in 1973 embargo. The first of these points is that the evolution of the situation to an embargo was not a surprise to any of the Western nations. United States and its allies had been receiving warnings from different Arab countries months before the embargo took place, and the embargo was not for any economic reasons. The second point was that there had been an energy crisis in United States for a long period before...
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