Oil Power the Rise and Imminent Fall of an American Empire (PocketBook)
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Oil Power the Rise and Imminent Fall of an American Empire (PocketB...
Book Details
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Author: Carl Solberg
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Publisher: Mentor Book
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Language: English
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Published Year: 1976
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Pages: 326
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Cover: Paperback
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Dimensions: 17.5 x 10.5 cm
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Condition: Used – Good (Pages are yellowish)
About the Book
In The Arab Oil Crisis, Carl Solberg explores the profound impact of the 1973 oil embargo, when Arab oil-producing countries, in response to U.S. support for Israel during the Yom Kippur War, restricted oil supplies to the United States. The book delves into the complex dynamics between national interests and multinational corporate power, explaining how major oil companies obeyed the embargo orders, resulting in skyrocketing oil prices and immense short-term profits.
The embargo led to widespread energy shortages, triggered inflation, and shifted international trade balances, pushing the world into a global recession. Solberg’s account sheds light on how the crisis affected the global economy, pushed for the search for oil substitutes, and reshaped international relations.
This 326-page paperback edition, published by Mentor Book in 1976, is in good condition, with yellowed pages due to its age, making it a valuable historical and economic read for those interested in the oil crisis and its long-lasting effects on the world.
