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Op-Ed
5 December 1973

Middle East Oil Crisis 1973

The use of oil by the Arab states as a diplomatic weapon against Israel has highlighted rather dramatically the energy crisis which now confronts most of the industrialized countries of the Western world. The crisis was brought to a head by the decision of the Arab oil exporters on October 17 to reduce their production of crude oil by 5% every month until Arab territories occupied by Israel since 1967 had been freed.