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William Durupul

πŸ‘€ Speaker
275 total appearances

Appearances Over Time

Podcast Appearances

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

The leaders of the Arab oil states are also buoyed by the knowledge that the industrial world was dependent on them, which previously there'd been much less of a hold on the oil industry.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

But by 1973, they have OPEC

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

And they have the ability to use this as a weapon against the West.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

Two things that happen immediately.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

Four days later, after this meeting in Kuwait, Saudi Arabia declares a total embargo on oil exports to the United States, a direct result of this airlift of tags to Israel.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

And the Netherlands, who at that point is Israel's most vocal European supporter, is also added to the embargo list.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

And it's the first time in history that oil has been used as a deliberate political weapon against the Western powers.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

The effect is immediate.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

In Britain, America and the Netherlands, there's queues around the blocks.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

People are trying to get petrol and petrol stations unable to get it.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

Speed limits are reduced.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

Sunday driving is banned in several European countries.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

The British government introduces a three-day working week to conserve energy.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

American motorists queue for hours at filling stations.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

The Western economies, which had grown without a break since the Second World War, go into the deepest recession since the 1930s.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

And a conflict in the Middle East has made ordinary people in towns like Birmingham and Pittsburgh feel the consequences in their daily lives in the way that nothing in the Middle East had previously done.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

And this completely, of course, changes the political calculus.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

We've been undercharging for this, yeah.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

So can you remember, we talked to Kim Gattis about this in her brilliant episodes on the rivalry between Saudi Arabia and Iran.

Empire: World History
350. 1973: The Yom Kippur War & The First Oil Crisis (Part 5)

And we'll be coming back to Kim actually talking more about this.