when was opec oil crisis
In October 1973 Arab nations slashed oil production in protest at American support for Israel during it's war against Egypt and Syria. Oil prices sky-rocketed. We hear from former deputy secretary general of OPEC, Dr Fadhil Chalabi, about the struggle for control of oil in the early 1970s. (Photo: An American car displays a 'No Gas' sign during the 1973-74 oil crisis).