Difference between revisions of "1973 Oil crisis"
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|description=A huge rise in the price of oil, quite probably instituted by the actions of the [[Bilderberg group]]. | |description=A huge rise in the price of oil, quite probably instituted by the actions of the [[Bilderberg group]]. | ||
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| − | [[Sheikh Yamani]] has stated that he "is 100% sure that the Americans were behind the increase in the price of oil" back in 1973 and 1974. He adds that "they had borrowed a lot of money and they needed a high oil price to save them."<ref>http://www.deepblacklies.co.uk/bilderberg_blurb.htm</ref> His opinions correlate with the fact that the [[1973 Bilderberg]] was attended by many CEOs of the major oil companies and that documents reveal they were discussing how to handle an oil price rise of 400%. | + | The '''Oil crisis''' (or '''Oil shock''') was a sudden increase in the price of crude oil. The most significant such event was in 1973.<ref name=tg2011/> |
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| + | ==Official narrative== | ||
| + | A 2011 ''[[Guardian]]'' rendering of the {{on}} states that "The decision to boycott America and punish the west in response to support for [[Israel]] in the [[Yom Kippur war]] against [[Egypt]] led the price of crude to rise from $3 per barrel to $12 by 1974." As of 2016, there is still no admission that the oil 'crisis' was in fact no shock to the men who discussed the idea a few months before it happened.<ref name=tg2011/> | ||
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| + | ==Causes== | ||
| + | [[Sheikh Yamani]] has stated that he "is 100% sure that the Americans were behind the increase in the price of oil" back in 1973 and 1974. He adds that "they had borrowed a lot of money and they needed a high oil price to save them."<ref>http://www.deepblacklies.co.uk/bilderberg_blurb.htm</ref> His opinions correlate with the fact that the [[1973 Bilderberg]] was attended by many CEOs of the major oil companies and that documents reveal they were discussing how to handle an oil price rise of 400%.<ref name=tg2011/> | ||
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| + | ==Impacts== | ||
| + | The high energy prices were not good for the UK's manufacturing base, but sped up development of the North Sea oil industry, allowing the UK to eventually become a net exporter.<ref name=tg2011>https://www.theguardian.com/environment/2011/mar/03/1970s-oil-price-shock</ref> | ||
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{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
{{stub}} | {{stub}} | ||
Revision as of 07:29, 4 September 2016
 Gas Shortage Sign in Connecticut During Energy Crisis | |
| Perpetrators | Bilderberg/1973 |
|---|---|
| Description | A huge rise in the price of oil, quite probably instituted by the actions of the Bilderberg group. |
The Oil crisis (or Oil shock) was a sudden increase in the price of crude oil. The most significant such event was in 1973.[1]
Official narrative
A 2011 Guardian rendering of the official narrative states that "The decision to boycott America and punish the west in response to support for Israel in the Yom Kippur war against Egypt led the price of crude to rise from $3 per barrel to $12 by 1974." As of 2016, there is still no admission that the oil 'crisis' was in fact no shock to the men who discussed the idea a few months before it happened.[1]
Causes
Sheikh Yamani has stated that he "is 100% sure that the Americans were behind the increase in the price of oil" back in 1973 and 1974. He adds that "they had borrowed a lot of money and they needed a high oil price to save them."[2] His opinions correlate with the fact that the 1973 Bilderberg was attended by many CEOs of the major oil companies and that documents reveal they were discussing how to handle an oil price rise of 400%.[1]
Impacts
The high energy prices were not good for the UK's manufacturing base, but sped up development of the North Sea oil industry, allowing the UK to eventually become a net exporter.[1]
