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149-714: The college was hard hit by the 1970s recession , and was forced to declare bankruptcy in 1975. The Higher Learning Commission lists Mary Manse College as having accreditation status of "inactive." Collingwood Arts Center and Saint Angela Hall are remaining buildings of Mary Manse. Bowling Green State University's office of Registration and Records offers transcript services for graduates of Mary Manse College. In May 1976, Bowling Green State University 's Center for Archival Collections received "administrative records, correspondence, subject files, literary productions, legal and financial documents, scrapbooks, printed material, and audio-visual materials" from Mary Manse College. For

298-487: A First World nation by the 1990s; President Carlos Andrés Pérez of Venezuela likewise launched his Le Gran Venezuela project intended to make Venezuela into a First World nation; and President Yakubu Gowon of Nigeria told his people that henceforward Nigeria's main problem would be "managing abundance". After the oil shock, Nigeria presented itself as the first African nation that would reach First World status and in Lagos

447-788: A Saudi leader since 1953 as he met King Faisal to ask him to end the embargo. Within two week of the embargo being launched, all of the foreign ministers of the nations of the European Economic Community (now the European Union) met in a conference to issue a statement calling for Israel "to end the territorial occupation which has maintained since the conflict of 1967". On December 11, 1973, the Japanese Foreign Minister Masayoshi Ōhira flew in to Riyadh to meet King Faisal for "talks on improving bilateral relations". Shortly afterwards,

596-511: A committee to review the Eisenhower-era quota program. Shultz's committee recommended that the quotas be abolished and replaced with tariffs but Nixon decided to keep the quotas due to vigorous political opposition. Nixon imposed a price ceiling on oil in 1971 as demand for oil was increasing and production was declining, which increased dependence on foreign oil imports as consumption was bolstered by low prices. In 1973, Nixon announced

745-651: A conference in Vienna when it was announced the price for a barrel of oil was to from $ 5 US dollars per barrel to $ 11.65 US dollars per barrel. Faisal was opposed to the price increase, which was largely the work of the Iranian delegation. Over the long term, the oil embargo changed the nature of policy in the West towards increased exploration, alternative energy research, energy conservation and more restrictive monetary policy to better fight inflation. For further details see

894-695: A crop of the Columbian Exchange . Cactus hedges – both intentionally planted and wild garden escapes – formed an important part of defensible positions during the Sinai and Palestine campaign of World War I. Some unfamiliar soldiers even tried eating them, to negative result. Dromedary herding is important here. Trypanosoma evansi is a constant concern and is transmitted by several vectors . Although ticks have not been proven to be among them, Mahmoud and Gray 1980 and El-Kady 1998 experimentally demonstrate survival of T. evansi in camel ticks of

1043-719: A few days. In March 1957, Israel withdrew its forces from Sinai, following strong pressure from the United States and the Soviet Union . Thereafter, the United Nations Emergency Force (UNEF) was stationed in Sinai to prevent any further conflict in the Sinai. On 16 May 1967, Egypt ordered the UNEF out of Sinai and reoccupied it militarily. Secretary-General U Thant eventually complied and ordered

1192-519: A few months. Most scholars agree that the 1967 embargo was ineffective. Although some members of the Organization of Arab Petroleum Exporting Countries (OAPEC) supported the use of oil as a weapon to influence the political outcome of the Arab–Israeli conflict , Saudi Arabia had traditionally been the strongest supporter of separating oil from politics. The Saudis were wary of the tactic due to

1341-727: A fixed amount of gold. After 1971, OPEC was slow to readjust prices to reflect this depreciation. From 1947 to 1967, the dollar price of oil had risen by less than two percent per year. Until the oil shock, the price had also remained fairly stable versus other currencies and commodities. OPEC ministers had not developed institutional mechanisms to update prices in sync with changing market conditions, so their real incomes lagged. The substantial price increases of 1973–1974 largely returned their prices and corresponding incomes to former levels in terms of commodities such as gold. Arab oil producing countries had attempted to use oil as leverage to influence political events on two prior occasions—the first

1490-690: A global leader, courted by elites in both the First World and the Third World. The oil embargo led a sudden interest in the Palestinian issue. Between 1973 and 1981, Saudi Arabia donated a sum worth $ 1 billion US dollars to the Palestine Liberation Organization , which thus had a budget that exceeded that of many Third World nations. On November 8, 1973, Kissinger became the first Secretary of State to meet with

1639-612: A global recession and increased tension between the United States and several of its European allies, who faulted the US for provoking an embargo by providing what many viewed as unconditional assistance to Israel. OAPEC demanded a complete Israeli withdrawal from all territories beyond the 1949 Armistice border . The embargo lasted from October 1973 to March 1974. During a summit in Cairo on November 6, Kissinger asked Sadat what Faisal

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1788-557: A large ransom. Under President el-Sisi , Egypt has implemented a rigorous policy of controlling the border to the Gaza Strip , including the dismantling of tunnels between Gaza and Sinai. The two governorates of North Sinai and South Sinai have a total population of 597,000 (January 2013). This figure rises to 1,400,000 by including Western Sinai, the parts of the Port Said , Ismailia and Suez Governorates lying east of

1937-566: A plan to invade Abu Dhabi , Kuwait, and Saudi Arabia. Kissinger publicly threatened "countermeasures" in a Nov 21st, 1973 press conference if the embargo was not lifted, and the Saudis responded with threatening further oil cuts and to burn their oil fields if the US military invaded. After the CIA confirmed these threats, Kissinger gave up military intervention and decided that dealing with Israel's troop withdrawals and settled on diplomatic solutions to

2086-532: A population (January 2013) of 597,000. Three more governates span the Suez Canal, crossing into African Egypt: Suez (el-Sewais) is on the southern end of the Suez Canal, Ismailia (el-Isma'ileyyah) in the centre, and Port Said in the north. The largest city of Sinai is Arish , capital of the North Sinai, with around 160,000 residents. Other larger settlements include Sharm El Sheikh and El-Tor , on

2235-456: A seasonal basis for thousands of years. Modern attempts to exploit the deposits have been unprofitable. These may be the first historically attested mines. The fortress Tjaru in western Sinai was a place of banishment for Egyptian criminals. The Way of Horus connected it across northern Sinai with ancient Canaan . At the end of the time of Darius I , the Great (521–486 BCE) Sinai was part of

2384-493: A series of stately modernist buildings were erected as appropriate for a nation that saw itself as the leader of all black Africa. Much of the oil wealth in Nigeria was stolen by corrupt politicians. However, at least some of Nigeria's new oil wealth went to rebuild the areas devastated by the civil war of 1967-1970 and to address the complaints that too much of Nigeria's oil wealth went to the federal government in Lagos instead of

2533-457: A sign of the pro-Israeli slant of American foreign policy. Faisal also felt insulted that Nixon had just promised Saqqaf a "honorable" peace the day before he submitted the request to Congress for some $ 2.2 billion worth of arms for Israel, which he saw as an act of duplicity on Nixon's part. Faisal had been opposed to a total embargo and only agreed to the 5% cut on October 17 under pressure from other Arab states. Faisal felt his efforts on behalf

2682-554: A single one of its stated objectives. The ceasefire which the USA and the USSR together imposed two days later upon Israel, Syria and Egypt would have been imposed in any case; Israel ended the October war, thanks to US aid, better equipped militarily than she had ever been before, and Faisal's ambition to shrink Israel back inside her pre-1949 boundaries remains unfulfilled to this day. Nor did

2831-619: Is a land bridge between Asia and Africa . Sinai has a land area of about 60,000 km (23,000 sq mi) (6 percent of Egypt's total area) and a population of approximately 600,000 people. Administratively, the vast majority of the area of the Sinai Peninsula is divided into two governorates : the South Sinai Governorate and the North Sinai Governorate . Three other governorates span

2980-442: Is a stub . You can help Misplaced Pages by expanding it . 1973 oil crisis In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War , which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover

3129-626: Is one of the most religiously significant places in the Abrahamic faiths . The Sinai Peninsula has been a part of Egypt from the First Dynasty of ancient Egypt ( c.  3100 BC). This comes in stark contrast to the region north of it, the Levant (the present-day territories of Syria , Lebanon , Jordan , Israel and Palestine ), which, due largely to its strategic geopolitical location and cultural convergences, has historically been

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3278-480: The "drain America first" policy. Some scholars believe the policy contributed to the decline of domestic US oil production in the early 1970s. The cheapness of oil compared with coal led to the decline of the coal industry. In 1951, 51% of America's energy came from coal, and by 1973, only 19% of America's industry was coal-based. When Richard Nixon became president in 1969, he assigned George Shultz to head

3427-451: The 2011 Egyptian revolution , unrest has become more prevalent in the area including the August 2012 Sinai attack in which 16 Egyptian soldiers were killed by militants. (See Sinai insurgency .) Also on the rise are kidnappings of refugees . According to Meron Estifanos, Eritrean refugees are often kidnapped by Bedouin in the northern Sinai, tortured, raped, and only released after paying

3576-650: The Bar Lev Line in the Sinai Peninsula and Syria launched an offensive in the Golan Heights , both of which had been occupied by Israel during the 1967 Six-Day War . The war began during the height of the Watergate scandal and Nixon largely let Kissinger manage foreign policy as he was distracted by the scandal. On 8 October 1973, Faisal told two Egyptian envoys: "You have made us all proud. In

3725-478: The Egyptian 3rd Army , and occupied a section of the Suez Canal's west bank. The war ended following a mutually agreed-upon ceasefire. After the war, as part of the subsequent Sinai Disengagement Agreements , Israel withdrew from immediate proximity with the Suez Canal, with Egypt agreeing to permit passage of Israeli ships. The canal was reopened in 1975, with President Anwar Sadat leading the first convoy through

3874-636: The Gulf of Aqaba . This line has served as the de jure eastern border of Egypt ever since. In 1956, Egypt nationalised the Suez Canal , a waterway marking the boundary between Egyptian territory in Africa and the Sinai Peninsula. Thereafter, Israeli ships were prohibited from using the Canal, owing to the state of war between the two states. Egypt also prohibited ships from using Egyptian territorial waters on

4023-876: The Isthmus of Suez , 125 kilometres (78 mi) wide strip of land, containing the Suez Canal . The eastern isthmus, linking it to the Asian mainland, is around 200 kilometres (120 mi) wide. The peninsula's eastern shore separates the Arabian Plate from the African Plate . The southernmost tip is the Ras Muhammad National Park . Most of the Sinai Peninsula is divided among the two governorates of Egypt : South Sinai (Ganub Sina) and North Sinai (Shamal Sina). Together, they comprise around 60,000 square kilometres (23,000 sq mi) and have

4172-934: The Mamluk Sultanate of Egypt from 1260 until 1517, when the Ottoman Sultan, Selim the Grim , defeated the Egyptians at the Battles of Marj Dabiq and al-Raydaniyya , and incorporated Egypt into the Ottoman Empire . From then until 1906, Sinai was administered by the Ottoman provincial government of the Pashalik of Egypt , even following the establishment of the Muhammad Ali dynasty 's rule over

4321-517: The Persian province of Abar-Nahra , which means 'beyond the river [Euphrates]'. Cambyses successfully managed the crossing of the hostile Sinai Desert, traditionally Egypt's first and strongest line of defence, and brought the Egyptians under Psamtik III , son and successor of Ahmose , to battle at Pelusium . The Egyptians lost and retired to Memphis ; the city fell to the Persian control and

4470-718: The Roman Empire went on to control all shores of the Mediterranean Sea . The Sinai Peninsula became part of the Roman province of Arabia Petraea . Saint Catherine's Monastery on the foot of Mount Sinai was constructed by order of the Emperor Justinian between 527 and 565. Most of the Sinai Peninsula became part of the province of Palaestina Salutaris in the 6th century. During the Crusades it

4619-495: The Suez Canal , crossing into African Egypt: Suez Governorate on the southern end of the Suez Canal, Ismailia Governorate in the center, and Port Said Governorate in the north. In the classical era, the region was known as Arabia Petraea . The peninsula acquired the name Sinai in modern times due to the assumption that a mountain near Saint Catherine's Monastery is the Biblical Mount Sinai . Mount Sinai

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4768-653: The Yom Kippur War (known in Egypt as the October War ). Egyptian engineering forces built pontoon bridges to cross the Suez Canal, and stormed the Bar Lev Line , Israel's defensive line along the Suez Canal's east bank. Though the Egyptians maintained control of most of the east bank of the Suez Canal, in the later stages of the war, the Israeli military crossed the southern section of the Suez Canal, cutting off

4917-401: The "Energy crisis" series by Facts on File. The effects of the embargo were immediate. OPEC forced oil companies to increase payments drastically. The price of oil quadrupled by 1974 from US$ 3 to nearly US$ 12 per 42 gallon barrel ($ 75 per cubic meter), equivalent in 2018 dollars to a price rise from $ 17 to $ 61 per barrel. Saudi Arabia had 25% of the world's oil, but only 4% of the oil used in

5066-535: The "oil weapon". It came in the form of an embargo and production cutbacks from the Arab states. The weapon was aimed at the United States, Great Britain, Canada, Japan and the Netherlands. These target governments perceived that the intent was to push them towards a more pro-Arab position. Production was eventually cut by 25%. However, the affected countries did not undertake dramatic policy changes. The risk that

5215-508: The "peace of the brave" (i.e. a victorious leader being magnanimous to his defeated opponents) meant there was a possibility that Sadat at least would make peace with Israel provided that the war ended in such a way that Egypt was not perceived to be defeated. Likewise, Kissinger regarded Meir as being rather arrogant and believed that an armistice that ended the war in a manner that was not an unambiguous Israeli victory would make her more humble. As both Syria and Egypt lost much equipment during

5364-421: The $ 850 million worth of arms requested sent a request to Congress for some $ 2.2 billion worth of arms to Israel, which was promptly approved. Nixon, whose administration was being badly battered by the Watergate scandal, felt that a bold foreign policy move might resuscitate his administration. Nixon later boasted in his memoirs that the U.S. Air Force flew more sorties to Israel in October 1973 than it had during

5513-702: The 1973 "oil price shock" and the accompanying 1973–74 stock market crash as the first discrete event since the Great Depression to have a persistent effect on the US economy. The embargo had a negative influence on the US economy by causing immediate demands to address the threats to U.S. energy security. On an international level, the price increases changed competitive positions in many industries, such as automobiles. Macroeconomic problems consisted of both inflationary and deflationary impacts. The embargo left oil companies searching for new ways to increase oil supplies, even in rugged terrain such as

5662-724: The Algerian state to end many of its more generous social policies between 1986 and 1988, leading to an unemployment rate of 30% by 1988 along with the knowledge that the FLN regime had stolen millions. In the aftermath of the October riots, President Chadli Bendjedid began a transition to democracy. The first free elections in Algeria in January 1992 were won by the Islamist FIS, which led to a military coup and an outbreak of civil war that

5811-558: The American nuclear industry as a way to achieve "energy independence" from the Middle East. On 7 November 1973, Nixon in an address to Congress called for Project Independence to make the United States self-sufficient in energy by 1980, which called for a massive investment in the nuclear industry. Nixon seems to have assumed that nuclear energy was economical, and was encouraged by the faddish enthusiasm of many officials who more on

5960-427: The American oil imports came from the Middle East. Throughout the 1960s, the price for a barrel of oil remained at $ 1.80, meaning that with the effects of inflation considered the price of oil in real terms got progressively lower and lower throughout the decade with Americans paying less for oil in 1969 than they had in 1959. Even after a price for a barrel of oil rose to $ 2.00 in 1971, adjusted for inflation, people in

6109-464: The Americans simply imported more oil from nations that were not part of the embargo such as Iran, but the 400% increase in the price of oil caused by the embargo did damage the American economy. A number of nations such as Venezuela, Nigeria, Iran and Iraq increased their oil production during the embargo, but just sold their oil at a higher price. The leader who pushed the most for higher oil prices

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6258-497: The Arab oil embargo of 1973–74 that for people in the West life suddenly become "slower, darker and chiller" as gasoline was rationed, the lights were turned off in Times Square, the "gas guzzler" automobiles suddenly stopped selling, speed limits became common and restrictions were placed on weekend driving in a bid to conserve fuel. As the American automobile industry specialized in producing heavy "gas guzzler" vehicles, there

6407-725: The Arabic term for the mountain where the prophet Moses received the Tablets of the Law from God, thus this mountain is designated as " Jabal Aṭ-Ṭūr ( Arabic : جبل الطّور )", and the town is also the capital of the South Sinai Governorate of Egypt . As another Arabic word for "mass of very high land going up to a peak – mountain" is "Ṭūr". The English name came from Latin, ultimately from Hebrew סִינַי‎, pronounced /siˈnái/ ( see- NIGH , in English phonetic spelling). In English ,

6556-855: The Arctic. Finding oil and developing new fields usually required five to 10 years before significant production. The average US retail price of a gallon of regular gasoline rose 43% from 38.5¢ in May 1973 to 55.1¢ in June 1974. State governments asked citizens not to put up Christmas lights. Oregon banned Christmas and commercial lighting altogether. Politicians called for a national gasoline rationing program. Nixon asked gasoline retailers to voluntarily not sell gasoline on Saturday nights or Sundays; 90% of gas station owners complied, which produced long lines of motorists wanting to fill up their cars while they still could. The "oil shock" provided considerable impetus to

6705-600: The Berlin Airlift of 1948–49, flying in a gargantuan quantity of arms, though he also admitted that by the time the arms lift had begun, the Israelis had already "turned the tide of battle" in their favor, making the arms lift irrelevant to the outcome of the war. In an interview with the British historian Robert Lacey in 1981, Kissinger later admitted about the arms lift to Israel: "I made a mistake. In retrospect it

6854-432: The Egyptian Sinai Peninsula , which resulted in Egypt closing the Suez Canal for eight years . Following the Yom Kippur War , the canal was cleared in 1974 and opened again in 1975. OAPEC countries cut production of oil and placed an embargo on oil exports to the United States after Richard Nixon requested $ 2.2 billion to support Israel's war effort. Nevertheless, the embargo lasted only until January 1974, though

7003-407: The French foreign minister Michel Jobert arrived to sign an agreement that provided oil for France for the next twenty years. On January 24, 1974, as the Shah of Iran, Mohammad Reza Pahlavi , was coming off the ski slopes of St. Moritz , he was met by the British Chancellor of Exchequer, Anthony Barber , and the Trade Secretary, Peter Walker . In a role-reversal, Barber and Walker paid homage to

7152-419: The Grand Mosque and the surviving "renegades" as the rebels were labelled were executed. Likewise, the perception that that most of the wealth being generated by the now higher price of oil was being stolen by a corrupt Shah along with the unfulfilled promises of the "Great Civilization" project played a major role in causing the Iranian Revolution of 197–1979 that toppled the Shah and led to the establishment of

7301-435: The Iranian delegation left Kuwait City as the Shah of Iran was only interested in higher oil prices. The Oil Minister of Iraq, Sa'dun Hammadi demanded the "total nationalization" of all assets of American oil companies in the Middle East, the withdrawal of all Arab funds from the United States and for all Arab states to break diplomatic relations with the United States. The Libyan Oil Minister, Izz al-Din al-Mabruk, called for

7450-618: The Iraqi and Libyan demands for an embargo as Yemani maintained that forcing through an increase in the price of oil was the best way to influence the United States. Hammadi and the rest of the Iraqi delegation left in a huff as Yemani had won over the majority of the delegations to the Saudi viewpoint. The statement issued after midnight at the Sheraton Hotel was handwritten and reflecting the tense talk had several paragraphs crossed out while other paragraphs were written in by different hands. On October 17, Arab oil producers cut production by 5% and instituted an oil embargo against Israel's allies:

7599-428: The Islamic Republic of Iran in February 1979. In Algeria, the "oil shock" led to the establishment of a welfare state where none had existed previously. The lower oil prices of the 1980s along with cutbacks and the belief that the FLN regime was corrupt helped cause the riots of October 1988 against the FLN regime that killed at least 500 people. The riots were largely caused by the fact that the low oil prices had forced

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7748-452: The Israelis had founded as Ofira during their occupation of the Sinai Peninsula) was not dismantled. The Treaty allows monitoring of Sinai by the Multinational Force and Observers , and limits the number of Egyptian military forces in the peninsula. Article 2 of Annex I of the Peace Treaty called for the Sinai Peninsula to be divided into zones. Within these zones, Egypt and Israel were permitted varying degrees of military buildup: Since

7897-446: The Middle East could become another superpower confrontation with the USSR was of more concern to Washington than oil. Further, interest groups and government agencies more worried about energy were no match for Kissinger's dominance. In the US production, distribution and price disruptions "have been held responsible for recessions, periods of excessive inflation, reduced productivity, and lower economic growth." Some researchers regard

8046-412: The Middle East. In the early 1960s Libya , Indonesia and Qatar joined OPEC. OPEC was generally regarded as ineffective until political turbulence in Libya and Iraq strengthened their position in 1970. Additionally, increasing Soviet influence provided oil producing countries with alternative means of transporting oil to markets. Under the Tehran Price Agreement of 1971 , signed on February 14,

8195-548: The October War more in terms of the Cold War rather than Middle Eastern politics, both seeing the Soviet arms lifts to Egypt and Syria as a Soviet power play that required an American answer. On October 12, 1973, US president Richard Nixon authorized Operation Nickel Grass , a strategic airlift to deliver weapons and supplies to Israel in order to replace its materiel losses, after the Soviet Union began sending arms to Syria and Egypt. The first American weapons to Israel arrived only on 15 October 1973, and despite Nixon's orders

8344-438: The Pharaoh was carried off in captivity to Susa in Persia. Rhinocorura ( Greek for " Cut-off Noses ") and the eponymous region around it were used by Ptolemaid Egypt as a place of banishment for criminals, today known as Arish . After the death of the last Nabatean king, Rabbel II Soter , in 106, the Roman emperor Trajan faced practically no resistance and conquered the kingdom on 22 March 106. With this conquest,

8493-435: The Red Sea port of Jeddah , there were so many ships queuing up laden with cement for the construction boom in Saudi Arabia that construction contractors hired helicopters to fly the cement in, twenty bags per flight. A number of families engaged in the Saudi construction industry such as the Juffali, Alireza, al-Khasshoggi and the bin Laden families all become very wealthy as a result of the construction boom. The period after

8642-417: The Shah, who promised them that his nation would sell the United Kingdom 5 million tons of oil in exchange for some £100 million of British goods to aid his plans to industrialize Iran. Saudi Arabia experienced an upsurge of prosperity and affluence after the oil embargo whose consequences horrified King Faisal. Faisal who was devoted to a harsh puritanical strain of Sunni Islam known in the West as Wahhabism

8791-437: The Sinai Peninsula. The Jewish Encyclopedia (1901-1906) quotes a Rabbinic source , the 8th- or 9th-century Pirke De-Rabbi Eliezer , which derives the name from the biblical Hebrew word seneh ( Hebrew : סֶ֫נֶּה ), a word only known from two occurrences in the Hebrew Bible , in both cases referring to the burning bush . Rabbi Eliezer opines that Mount Horeb only received the name Sinai after God appeared to Moses in

8940-436: The Soviet military personnel in Egypt in a signal that he wanted better relations with the United States. Kissinger was taken completely by surprise by Sadat's move, saying: "Why has he done me this favor? Why didn't he demand all sorts of concessions first?" Sadat expected as a reward that the United States would respond by pressuring Israel to return the Sinai to Egypt, but after his anti-Soviet move prompted no response from

9089-433: The Suez Canal. Port Said alone has a population of roughly 500,000 people (January 2013). Portions of the populations of Ismailia and Suez live in west Sinai, while the rest live on the western side of the Suez Canal. The population of Sinai has largely consisted of desert-dwelling Bedouins with their colourful traditional costumes and significant culture. Large numbers of Egyptians from the Nile Valley and Delta moved to

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9238-401: The Suez War. If the United States had done the same after 1967, we would not have witnessed the this deterioration... Before the Jewish State was established, there existed nothing to harm good relations between Arabs and Jews. There were many Jews in Arab countries. When the Jews were persecuted in Spain, Arabs protected them. When the Romans drove the Jews out, Arabs protected them. At Yalta, it

9387-400: The United States forced prices to raise, which in turn led prices to rise everywhere all over the world as oil producers that had not joined the embargo such as Iran, Venezuela, Libya and Iraq demanded higher prices in Japan and Europe as an initiative to ship oil to those places instead of the United States, thus settling off a worldwide inflationary spiral. The only European nations subject to

9536-419: The United States in 1973 came from the kingdom. However, Saudi Arabia plays an over-sized role within the Arab world, and as a Beirut oil consultant noted in 1974: "If Saudi Arabia moves from A to B, then every other oil producer must move at least as far, if not to C." In 1973, about 25% of the oil used in the United States came from Arab countries. The mere shortage of oil caused by the Arab oil embargo within

9685-517: The United States were not being appreciated in Washington, which increased his fury at Nixon. Saudi Arabia only consented to the embargo after Nixon's promise of $ 2.2 billion in military aid to Israel. On the afternoon of October 19, 1973, Faisal was in his office when he learned about the United States sending $ 2.2 billion worth of weapons to Israel, and discussed the issue with two of his closest advisers, Abdullah ibn Abdul Rahman and Rashad Pharaon. The king called Yamani at about 8 pm, and told him he

9834-469: The United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long-term effects on the global economy as well as on global politics. The 1973 embargo later came to be referred to as the "first oil shock" vis-à-vis the "second oil shock" that was the 1979 oil crisis , brought upon by the Iranian Revolution . Ever since Israel declared independence in 1948 there

9983-503: The United States, by November 1972 Sadat moved again closer to the Soviet Union, buying a massive amount of Soviet arms for a war he planned to launch against Israel in 1973. For Sadat, cost was no object as the money to buy Soviet arms came from Saudi Arabia. At the same time, Faisal promised Sadat that if it should come to war, Saudi Arabia would embargo oil to the West. In April 1973, the Saudi Oil Minister Ahmed Zaki Yamani visited Washington to meet Kissinger and told him that King Faisal

10132-413: The United States, the Netherlands, Rhodesia , South Africa, and Portugal. On October 17–19, 1973, the Saudi Foreign Minister, Omar Al Saqqaf , visited Washington together with the foreign ministers of Algeria, Kuwait and Morocco to warn that there was a real possibility of an oil embargo being imposed. Saqqaf complained to King Faisal that Nixon seemed more interested in a dispute about "a burglary" (i.e.

10281-408: The Watergate scandal) than about the October War. During a press conference, an American reporter mocked the threat, contemptuously saying the Saudis "could drink their oil", leading Saqqaf to reply in anger "All right, we will!". Joined by the foreign ministers of Algeria, Kuwait and Morocco, Saqqaf met with Nixon in the Oval Office who promised him that the United States would mediate a settlement to

10430-463: The Western nations were paying less for oil in 1971 than they had in 1958. The extremely low price of oil served as the basis for the " long summer " of prosperity and mass affluence that began in 1945. The Organization of Petroleum Exporting Countries (OPEC), was founded by five oil producing countries at a Baghdad conference on September 14, 1960. The five founding members of OPEC were Venezuela , Iraq , Saudi Arabia , Iran and Kuwait . OPEC

10579-506: The area to work in tourism, but development adversely affected the native Bedouin population. In order to help alleviate their problems, various NGOs began to operate in the region, including the Makhad Trust , a UK charity that assists the Bedouin in developing a sustainable income while protecting Sinai's natural environment, heritage and culture. Since the Israeli–Egyptian peace treaty, Sinai's scenic spots (including coral reefs offshore) and religious structures have become important to

10728-559: The availability of oil from non-Arab oil producing countries, and in the decades leading up to the crisis, the region's conservative monarchies had grown dependent on Western support to ensure their continued survival as Nasserism gained traction. On the other hand, Algeria, Iraq and Libya had strongly supported the use of oil as a weapon in the conflict. Arab newspapers like the Egyptian Al-Ahram , Lebanese An-Nahar and Iraqi Al-Thawra had historically been supportive of

10877-510: The basis of faith than rationality saw nuclear energy as the technology of the future. By the late 1960s, a lively environmentalist movement had emerged in the United States, and the Project Independence nuclear program was the subject of much debate in both the media and Congress. The ensuing debates revealed that many of the claims made for nuclear power vast underestimated the true costs of nuclear reactors. Equally problematic

11026-441: The canal aboard an Egyptian Navy destroyer. In 1979, Egypt and Israel signed a peace treaty in which Israel agreed to withdraw from the entirety of the Sinai Peninsula. Israel subsequently withdrew in several stages, ending in 1982. The Israeli pull-out involved dismantling almost all Israeli settlements, including the settlement of Yamit in north-eastern Sinai. The exception was that the coastal city of Sharm el-Sheikh (which

11175-560: The cartoons as a sort of shorthand for insatiable greed. Sinai Peninsula The Sinai Peninsula , or simply Sinai ( / ˈ s aɪ n aɪ / SY -ny ; Arabic : سِينَاء ; Egyptian Arabic : سينا ; Coptic : Ⲥⲓⲛⲁ ), is a peninsula in Egypt , and the only part of the country located in Asia . It is between the Mediterranean Sea to the north and the Red Sea to the south, and

11324-403: The case for nuclear power in the ensuring debates. By 1989, only 18% of American energy came from nuclear power plants, which was a faction of what Project Independence had envisioned in 1973. The "oil shock" led to anti-Arab feelings becoming common. Cartoons published in American newspapers during the "oil shock" depicted Arabs as disgusting, ugly, obese, corrupt and greedy. In the cartoons,

11473-680: The center of conflict between Egypt and various states of Mesopotamia and Asia Minor . In periods of foreign occupation, the Sinai was, like the rest of Egypt, also occupied and controlled by foreign empires, in more recent history the Ottoman Empire ( 1517–1867 ) and the United Kingdom ( 1882–1956 ). Israel invaded and occupied Sinai during the Suez Crisis (known in Egypt as the Tripartite Aggression due to

11622-453: The demand being made that the government find some other community to store the rods. Many of the nuclear reactors ordered in 1973 were cancelled due to the horrendous cost overruns while over 100 nuclear plants were shut down as uneconomical over the next 10 years. Unlike nations that tried to use nuclear power as a way for "energy independence" such as France and Sweden, the United States had substantial reserves of its own oil, which weakened

11771-550: The dollar inconvertible to gold directly, except on the open market, and was soon dubbed the Nixon Shock , leading eventually to the collapse of the Bretton Woods system in 1976. Because oil was priced in dollars, oil producers' real income decreased when the dollar started to float free of the old link to gold. In September 1971, OPEC issued a joint communiqué stating that from then on, they would price oil in terms of

11920-492: The early 2000s, Sinai has been the site of several terror attacks against tourists , the majority of whom are Egyptian. Investigations have shown that these were mainly motivated by a resentment of the poverty faced by many Bedouin in the area. Attacking the tourist industry was viewed as a method of damaging the industry so that the government would pay more attention to their situation. (See 2004 Sinai bombings , 2005 Sharm El Sheikh bombings and 2006 Dahab bombings ). Since

12069-533: The eastern side of the peninsula to travel to and from Israel, effectively imposing a blockade on the Israeli port of Eilat . In October 1956, in what is known in Egypt as the Tripartite Aggression , Israel Defense Forces troops, aided by the United Kingdom and France (which sought to reverse the nationalization and regain control over the Suez Canal), invaded Sinai and occupied much of the peninsula within

12218-417: The embargo of 1973–1974 had caused about 500,000 Americans to lose their jobs and caused a GNP loss between $ 10 billion–$ 20 billion. This price increase had a dramatic effect on oil exporting nations, for the countries of the Middle East who had long been dominated by the industrial powers were seen to have taken control of a vital commodity. The oil-exporting nations began to accumulate vast wealth. Some of

12367-618: The embargo was a failure because the countries that were targeted by the embargo did not change their policies on the Arab–Israeli conflict. Licklieder believed that any long term changes were caused by the OPEC increase in the posted price of oil, and not the OAPEC embargo. Daniel Yergin , on the other hand, has said that the embargo "remade the international economy". Lacey wrote: "King Faisal's momentous oil embargo of 20 October 1973 did not achieve

12516-534: The embargo. The crisis eased when the embargo was lifted in March 1974 after negotiations at the Washington Oil Summit, but the effects lingered throughout the 1970s. The dollar price of energy increased again the following year, amid the weakening competitive position of the dollar in world markets. The Arab oil embargo ended the long period of prosperity in the West that had begun in 1945, throwing

12665-407: The end of the quota system. Between 1970 and 1973 US imports of crude oil had nearly doubled, reaching 6.2 million barrels per day in 1973. Until 1973, an abundance of oil supply had kept the market price of oil lower than the posted price. In 1970, American oil production peaked and the United States began to import more and more oil as oil imports rose by 52% between 1969 and 1972. By 1972, 83% of

12814-454: The fact that The Protocols had been exposed as a forgery in 1921. Initially, Secretary of Defense James Schlesinger suggested to Kissinger that the USA invade Saudi Arabia and another Arab countries and seize their oil fields. Kissinger stated in a private state department meeting that it's “ridiculous that the civilized world is held up by 8 million savages... Can’t we overthrow one of the sheikhs just to show that we can do it?” They formed

12963-676: The fighting, the Soviet Union began to fly new equipment in starting on October 12, and the Soviet flights to Syria and Egypt were recorded by the British radar stations in Cyprus. Though the Soviets were flying in an average of 60 flights per day, exaggerated accounts appeared in Western newspapers speaking of "one hundred flights per day". At this point, both Nixon and Kissinger began to see

13112-534: The fighting. So we agreed to cut back production by just 5 percent per month. A full embargo, we agreed, was something we would implement only if we felt that things were absolutely hopeless". At an OPEC summit at the Sheraton Hotel in Kuwait City on October 16, 1973, it was announced the price of oil would go from $ 3.01 U.S. dollars per barrel to $ 5.12 per barrel. After agreeing to the price increase,

13261-580: The first twenty-five years, the collection was only open to researchers with written permission from the Superior general of the Ursuline Sisters of Toledo , however, on 1 July 2001 the collection was opened to the public. 41°40′07.5″N 83°33′22.4″W  /  41.668750°N 83.556222°W  / 41.668750; -83.556222 This article about a university or college in Ohio

13410-530: The followers of the Mahdi (a messianic figure said to appear at the dawn of every Muslim century to strike down the enemies of Islam). The leader of the uprising, Juhayman al-Otaybi , read out a list of grievances as he accused the House of Saud of being corrupt and degenerate as he listed by name a number of Saudi princes who were engaged in dubious business dealings and/or who drank alcohol. The Saudi Army recaptured

13559-477: The income was dispensed in the form of aid to other underdeveloped nations whose economies had been caught between higher oil prices and lower prices for their own export commodities, amid shrinking Western demand. Much went for arms purchases that exacerbated political tensions, particularly in the Middle East. Saudi Arabia spent over 100 billion dollars in the ensuing decades for helping spread its fundamentalist interpretation of Islam, known as Wahhabism , throughout

13708-403: The king end the oil embargo after Sadat, whom he trusted, reported to him that the United States was being more "evenhanded" and after Kissinger had promised to sell Saudi Arabia weapons that it had previously denied under the grounds that they might be used against Israel. More importantly, Saudi Arabia had billions of dollars invested in Western banks, and the massive bout of inflation set off by

13857-410: The long hooked Semitic noses that had traditionally been featured in anti-Jewish cartoons were applied to the Arab sheiks as a way to illustrate their supposed greed. American public opinion did not see the use of the "oil weapon" as due to politics, and tended to explain the embargo as only due to the excessive greed of King Faisal and the other Arab leaders, hence the use of the hooked Semitic nose in

14006-410: The modern name is a source of contention (see Biblical Mount Sinai for a fuller discussion). The name Sinai ( Hebrew : סִינַי , Classical Syriac : ܣܝܢܝ ) may have been derived from the ancient Mesopotamian moon-god Sin . The moon-deity Sin is associated with the area; the ancient Egyptian moon-god Thoth is also associated with Sin, and his worship was widespread throughout the south tip of

14155-466: The name is now usually pronounced / ˈ s aɪ n aɪ / . An alternative, now dated pronunciation in English was / ˈ s aɪ n ɪ aɪ / SY -nih-eye . Sinai is triangular in shape, with its northern shore lying on the southern Mediterranean Sea , and its southwest and southeast shores on the Gulf of Suez and the Gulf of Aqaba of the Red Sea . It is linked to the African continent by

14304-522: The nationalization of all the assets of all Western oil companies in the Middle East. The news about the war on October 16 was grim from the Arab viewpoint with the Syrians steadily being pushed back while Israelis had opened a counter-offensive against the Egyptians and crossed the Great Bitter Lake. The Saudi delegation led by Yemani, supported by the Algerian delegation, fought hard against

14453-586: The number of American planes flying into Tel Aviv were initially limited. After the first week of the war, the Israelis had halted the Syrian offensive in the Golan Heights and were pushing back the Syrians back towards Damascus, but along the Suez canal, there was heavy fighting with the Egyptians holding their own. Yamani stated in a 1981 interview: "The king still wanted to give America a chance to stay out of

14602-446: The odds of making peace along the lines of United Nations Security Council Resolution 242 calling for a "land for peace" deal if an armistice was signed with Egypt and Syria gaining some territory in the Sinai and the Golan Heights respectively. Nixon had ordered an arms lift to Israel on 12 October 1973, but Kissinger used the excuse of bureaucratic delays to limit the amount of weapons and ammunition sent to Israel. The Arab concept of

14751-494: The oil embargo was a threat to this fortune as inflation eroded the value of the money, giving Faisal a vested interest in helping to contain the damage he himself inflicted on the economies of the West. Since Israeli forces did not withdraw to the 1949 Armistice Line, the majority of scholars believe that the embargo was a failure. Roy Licklieder, in his 1988 book Political Power and the Arab Oil Weapon , concluded that

14900-594: The oil embargo were the Netherlands (because the Dutch Foreign Minister Max van der Stoel was strongly pro-Israeli) and Portugal (in a support of show for the independence movements in Portugal's African colonies), but the shortage of oil in the United States led to sharp price rises in all of the European nations. The embargo itself did not cause much economic difficulty in the United States as

15049-474: The oil embargo, oil exports from the Middle East to the West were down by 60–70% by November 1973. Japan and the nations of western Europe imported some 75% of their oil from the Near East, and the embargo led to immediate and sharp price raises as Lacey noted that "competing desperately for dwindling supplies, consumers showed themselves willing to pay unparalleled money for their oil". Saudi Arabia had 25% of

15198-530: The oil embargo. On November 7, 1973, Kissinger flew to Riyadh to meet King Faisal and ask him to end the oil embargo in exchange for promising to be "evenhanded" with the Arab-Israeli dispute. As the plane carrying him prepared to land in Riyadh, Kissinger was clearly nervous at the prospect of negotiating with the stern Wahhabi Faisal who had a marked dislike of Jews. Kissinger discovered that King Faisal

15347-545: The oil shock of 1973–1974 is still fondly remembered in Saudi Arabia as the "age of abundance" where nearly everyone had a significant increase in their standard of living. The wealth and corruption generated by the oil shock led to a fundamentalist backlash in Saudi Arabia. On 20 November 1979, Islam's most holiest shrine, the Grand Mosque of Mecca, was seized by a group of fanatics who proclaimed themselves to be

15496-552: The past we could not lift our heads up. Now we can". Faisal promised to give to Egypt a quality of aid worth $ 200 million US dollars to assist with the war effort, and stated he was willing to use the "oil weapon" if necessary to support Egypt. Kissinger promised the Israeli Prime Minister Golda Meir the United States would replace its losses in equipment after the war, but sought initially to delay arm shipments to Israel as he believed it would improve

15645-484: The people. In Iran, the Shah who was aware by 1974 that he had developed the cancer that was to ultimately kill him in 1980 pushed very strongly for his "Great Civilization" for rapid modernization not the least because he wanted to see the "Great Civilization" before his death, which explained his grandiose announcements. The new wealth generated by the "oil shock" allowed for Chairman Houari Boumédiène of Algeria to become

15794-405: The posted price of oil was increased and, due to a decline in the value of the US dollar relative to gold, certain anti-inflationary measures were enacted. Because of a severe drain on U.S. gold reserves, leading to higher inflation and lack of confidence in the strength of the dollar, President Nixon issued Executive Order 11615 on August 15, 1971, closing the " gold window ". This action made

15943-620: The price of oil by 400% within a matter of days threw the world's economy into a sharp recession with unemployment mounting and inflation raging came as a profound shock. The end of what the French called the Trente Glorieuses ("Glorious Thirty" [years]) led to a mood of widespread pessimism in the West with the Financial Times running a famous headline in late 1973 saying "The Future will be subject to Delay". Kurt Waldheim,

16092-574: The price of oil remained high afterwards. By 1969, American domestic output of oil was peaking and could not keep pace with increasing demand from vehicles. The U.S. was importing 350 million barrels (56 million cubic metres) per year by the late 1950s, mostly from Venezuela and Canada . Because of transportation costs and tariffs, it never purchased much oil from the Middle East. In 1973, US production had declined to 16% of global output. Eisenhower imposed quotas on foreign oil that would stay in place between 1959 and 1973. Critics called it

16241-660: The rest of Egypt in 1805. In 1906, the Ottoman Porte formally transferred administration of Sinai to the Khedivate of Egypt , which essentially meant that it fell under the control of the British Empire , who had occupied and largely controlled Egypt since the 1882 Anglo-Egyptian War . The border imposed by the British runs in an almost straight line from Rafah on the Mediterranean shore to Taba on

16390-522: The second summit of Islamic states in Lahore (which, unlike the first summit that Faisal had chaired in 1969, was not boycotted by Iraq and Syria ) where he was acclaimed as a conquering hero who humiliated and humbled the West by wrecking its economy. The prime minister of Pakistan, Zulfikar Ali Bhutto, opened the conference by stating: "The armies of Pakistan are the armies of Islam. We shall enter Jerusalem as brothers-in-arms!" Only on March 18, 1974 did

16539-643: The secretary-general of the United Nations in an address to the General Assembly complained about "the note of helplessness and fatalism creeping into world affairs". The sudden and abrupt end of the "long summer" of prosperity in 1973-1974 played a major role in the pessimistic mood that characterized the culture of the rest of the 1970s. In 1975, a report to Congress from the Federal Energy Administration estimated that

16688-459: The shape of a burning bush. Its modern Arabic name is سِينَاء Sīnāʼ  ( Egyptian Arabic سينا Sīna ; IPA: [ˈsiːnæ] ). The modern Arabic is an adoption of the Biblical name; the 19th-century Arabic designation of Sinai was Jebel el-Tūr , and the name of the mountain is derived from the town of El Tor (formerly called "Tur Sinai"), whose name comes from

16837-575: The simultaneous coordinated attack by the UK, France and Israel) of 1956, and during the Six-Day War of 1967. On 6 October 1973, Egypt launched the Yom Kippur War , seizing most of the east bank of the Suez Canal and negotiating the rest of Sinai. In 1982, as a result of the Egypt–Israel peace treaty of 1979, Israel withdrew from all of the Sinai Peninsula except the contentious territory of Taba , which

16986-405: The southern coast. Inland Sinai is arid (effectively a desert), mountainous and sparsely populated, the largest settlements being Saint Catherine and Nekhel . Sinai is one of the coldest provinces in Egypt because of its high altitudes and mountainous topographies. Winter temperatures in some of Sinai's cities and towns reach −16 °C (3 °F). A cave with paintings of people and animals

17135-587: The territories that they had lost to Israel during the 1967 Six-Day War . In an effort that was led by Faisal of Saudi Arabia , the initial countries that OAPEC targeted were Canada , Japan , the Netherlands , the United Kingdom , and the United States . This list was later expanded to include Portugal , Rhodesia , and South Africa . In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US$ 3 per barrel ($ 19/ m ) to nearly US$ 12 per barrel ($ 75/m ) globally. Prices in

17284-656: The tourism industry. The most popular tourist destination in Sinai are Mount Sinai ( Jabal Musa ) and St Catherine's Monastery , which is considered to be the oldest working Christian monastery in the world, and the beach resorts of Sharm el-Sheikh , Dahab , Nuweiba and Taba . Most tourists arrive at Sharm El Sheikh International Airport , through Eilat, Israel and the Taba Border Crossing , by road from Cairo or by ferry from Aqaba in Jordan. Cacti – especially cactus pears – are grown in Sinai. They are

17433-502: The use of oil as a weapon. In 1970, President Nasser of Egypt died and was succeeded by Anwar Sadat , a man who believed in the diplomacy of surprise, in engaging in sudden moves to upset the diplomatic equilibrium. Sadat liked to say that his favourite game was backgammon , a game where skill and persistence was rewarded, but was best won by sudden gambles, making an analogy between how he played backgammon and conducted his diplomacy. Under Nasser, Egypt and Saudi Arabia had engaged what

17582-574: The war that would be "peaceful, just and honorable" to both sides. Saqqaf reported to King Faisal that Nixon told him that he ended the Vietnam war on an honorable basis and now intended to end the October war in the same manner. Israel took heavy losses in men and material during the fighting against Egypt and Syria, and on October 18, 1973, Meir requested $ 850 million worth of American arms and equipment to replace its material losses. Nixon decided characteristically to act on an epic scale and instead of

17731-417: The warning that Faisal was considerably tougher, more intelligent and more ruthless than his half-brother Saud whom he had deposed in 1964, and his threats were serious. Kissinger declined to meet the four CEOs. In an assessment done by Kissinger and his staff about the Middle East in the summer of 1973, the repeated statements by Sadat about waging  jihad against Israel were dismissed as empty talk while

17880-478: The warnings from King Faisal were likewise regarded as inconsequential. In September 1973, Nixon fired Rogers as Secretary of State and replaced him with Kissinger. Kissinger was later to state he had not been given enough time to know the Middle East as he settled into the State Department's office at Foggy Bottom as Egypt and Syria attacked Israel on October 6, 1973. On October 6, 1973, Egypt attacked

18029-448: The way his subjects had been seduced into a consumerist lifestyle, becoming lost in a sense of "melancholia". Faisal's son, Crown Prince Mohammad told Lacey in 1981: "The profligacy, the greed, he felt he could not stem it. He become so bound up in his work, there was almost nothing private of him left". A sign of the changed values was that despite the total ban on alcohol in Saudi Arabia that drinking along with drug use become common with

18178-416: The west bank of the canal, led to high civilian casualties (including the virtual destruction of Suez), and contributed to the flight of 700,000 Egyptian internal refugees. Ultimately, the war concluded in 1970 with no change in the front line. On 6 October 1973, Egypt commenced Operation Badr to retake the Sinai, while Syria launched a simultaneous operation to retake the Golan Heights, thereby beginning

18327-463: The withdrawal without Security Council authorisation. In the course of the Six-Day War that broke out shortly thereafter, Israel occupied the entire Sinai Peninsula , and Gaza Strip from Egypt, the West Bank (including East Jerusalem ) from Jordan (which Jordan had controlled since 1949 ), and the Golan Heights from Syria . The Suez Canal, the east bank of which was now occupied by Israel,

18476-533: The withholding of the 638,500 barrels of oil which the Saudi Arabia had been selling to America every day for the first 10 months of 1973 ever come, in itself, to jeopardizing the power or diverting the policies of the United States, since it accounted for less than 4 percent of America's daily 17 million barrel consumption. It was the interaction which Faisal's embargo had with other forces that made it so decisive. Arab politics had an immediate multiplier effect". Because every Arab state except for Iraq and Libya joined

18625-468: The world's economy into the steepest economic contraction since the Great Depression. The "long summer" of prosperity in the post-war years had made possible the "swinging sixties" and the related rise of a rebellious youth culture as it was very easy to be hedonist and/or in rebellion against traditional values in a time of unprecedented affluence and prosperity. Lacey wrote about the impact of

18774-452: The world's oil reserves and the embargo imposed on the United States led to shortages of oil in the United States, which set an inflationary spiral as the new high prices for oil in the American market led to sharp increases of the price of oil in nations not subjected to the embargo. When the Iranian state oil company held an auction on December 16, 1973, bids for some $ 17 US dollars per barrel of oil were made. In late December 1973, OPEC held

18923-609: The world, via religious charities such as the al-Haramain Foundation , which often also distributed funds to violent Sunni extremist groups such as Al-Qaeda and the Taliban. The 400% increase in the world oil prices led to extravagant promises being made by the leaders of oil-producing nations. The Shah of Iran told his subjects in a speech in December 1973 that he was launching "Great Civilization" project that would make Iran into

19072-461: The younger members of the House of Saud. James Akins, the American ambassador in Riyadh reported; "the sky over Riyadh is black with vultures with new get-richer-quicker plans under their wings". In 1974, property prices in Riyadh doubled on a weekly basis for the entire year as the prosperity led to a real estate speculation bubble that was often compared to the Klondike gold rush of 1898–1899. At

19221-588: Was conflict between Arabs and Israelis in the Middle East , including several wars . The Suez Crisis , also known as the Second Arab–Israeli war, was sparked by Israel's southern port of Eilat being blocked by Egypt , which also nationalized the Suez Canal belonging to French and British investors. As a result of the war, the Suez Canal was closed for several months between 1956 and 1957 . The Six-Day War of 1967 included an Israeli invasion of

19370-531: Was Stalin who said there had to be a Jewish state...Israel is advancing Communist objectives...Among those of the Jewish faith there are those who embrace Zionism...Most of the immigration to Israel is from the Soviet Union...They want to establish a Communist base right in the Middle East...And now, all over the world, the Jews are putting themselves into positions of authority". On February 22, 1974, King Faisal chaired

19519-552: Was a worthy companion to Lê Đức Thọ in terms of stubbornness as the king accused the United States of being biased in favor of Israel, going on in a long rant about the balefulness of "Jewish Communists" in Russia and Israel, and despite all of Kissinger's efforts to charm him, refused to end the oil embargo. Faisal told Kissinger: "The United States used to stand up to aggression-you did that in World War Two and in 1956 during

19668-471: Was an immediate shift on the part of consumers to the lighter and more fuel efficient vehicles produced by the Japanese and West German automobile industries, sending the American automobile industry into decline. The years from 1945 to 1973 had been a period of unprecedented prosperity in the West, a "long summer" that many believed would never end, and its abrupt end in 1973 as the oil embargo which increased

19817-491: Was appalled by the way that his subjects became materialistic, devoted only to conspicuous consumption and greed as they lost interest in Islam. Lacey wrote: "The spiritual dangers of easy affluence distressed him more. His simple gesture of piety and honor seemed to have opened a Pandora's Box that threatened to turn his realm into a parody of all he held dear". In the last two of years of his life, Faisal fell into depression over

19966-558: Was becoming more and more unhappy with the United States, saying he wanted America to pressure Israel to return all the lands captured in the Six Day War of 1967. In a later interview, Yamani accused Kissinger of not taking his warning seriously, saying all he did was to ask him not to speak anymore of this threat. Angry at Kissinger, Yamani in an interview with the Washington Post on April 19, 1973, warned that King Faisal

20115-525: Was closed. Israel commenced efforts at large scale Israeli settlement in the Sinai Peninsula. Following the Israeli conquest of Sinai, Egypt launched the War of Attrition (1967–70) aimed at forcing Israel to withdraw from the Sinai. The war saw protracted conflict in the Suez Canal Zone, ranging from limited to large-scale combat. Israeli shelling of the cities of Port Said , Ismailia , and Suez on

20264-590: Was considering an oil embargo. At the time, the general feeling in Washington was the Saudis were bluffing and nothing would come of their threat to impose an oil embargo. The fact that Faisal's ineffectual half brother King Saud had imposed a cripplingly oil embargo on Britain and France during the Suez War of 1956 was not considered an important precedent. The CEOs of four of America's oil companies had after speaking to Faisal arrived in Washington in May 1973 with

20413-480: Was discovered about 30 kilometres (19 mi) north of Mount Catherine in January 2020, dates back to the Chalcolithic Period, c.  5th –4th millennium BCE. From the time of the First Dynasty or before, the Egyptians mined turquoise in Sinai at two locations, now called by their Egyptian Arabic names Wadi Maghareh and Serabit el-Khadim . The mines were worked intermittently and on

20562-600: Was known as the Arab Cold War , but Sadat got along very well with King Faisal of Saudi Arabia , forming an alliance between the most populous Arab state and the wealthiest Arab state. Unlike the secularist Nasser, Sadat was a pious Muslim and he had a strong personal rapport with King Faisal, who was an equally pious Muslim. The man largely in charge of American foreign policy, the National Security Adviser, Henry Kissinger , later admitted that he

20711-561: Was like and was told: "Well, Dr. Henry, he will probably go on with you about Communism and the Jews". King Faisal's two great hatreds were Communism and Zionism as he believed that the Soviet Union and Israel were plotting together against Islam. When King Faisal was shown a translation into Arabic of The Protocols of the Learned Elders of Zion , he instantly believed in the authenticity of The Protocols and therefore talked to anyone who would listen about what he had learned, despite

20860-480: Was needed at the Riyassa Palace immediately. Yamani told the king: "The TV news goes out at nine. If you make a decision now, we can get it announced at once". The king replied "Write this down" and announced he was placing a total embargo on the United States. The embargo was accompanied by gradual monthly production cuts—by December, production had been cut to 25% of September levels. This contributed to

21009-464: Was not the best considered decision we made". The arms lift enraged King Faisal of Saudi Arabia and he retaliated on October 20, 1973, by placing a total embargo on oil shipments to the United States, to be joined by all of the other oil-producing Arab states except Iraq and Libya. Faisal was angry that Israel had only asked for $ 850 million worth of American weapons, and instead received an unsolicited $ 2.2 billion worth of weapons, which he perceived as

21158-545: Was organized after the oil companies slashed the posted price of oil, but the posted price of oil remained consistently higher than the market price of oil between 1961 and 1972. In 1963, the Seven Sisters controlled 86% of the oil produced by OPEC countries, but by 1970 the rise of "independent oil companies" had decreased their share to 77%. The entry of three new oil producers— Algeria , Libya and Nigeria —meant that by 1970, 81 oil companies were doing business in

21307-496: Was returned after a ruling by a commission of arbitration in 1989. Today, Sinai has become a tourist destination due to its natural setting, rich coral reefs , and biblical history. Because the Sinai Peninsula was the main region where mining of turquoise was carried out in Ancient Egypt, it was called Biau (the "Mining Country") and Khetiu Mafkat ("Ladders of Turquoise") by the ancient Egyptians. The origin of

21456-589: Was so engrossed with the Paris peace talks to end the Vietnam war that he and others in Washington missed the significance of the Egyptian-Saudi alliance. At the same time that Sadat moved closer to Saudi Arabia, he also wanted a rapprochement with the United States and to move Egypt away from its alliance with the Soviet Union. In 1971, the US had information that the Arab states were willing to implement another embargo. In July 1972, Sadat expelled all 16,000 of

21605-611: Was the Suez Crisis in 1956 when the United Kingdom, France and Israel invaded Egypt. During the conflict the Syrians sabotaged both the Trans-Arabian Pipeline and the Iraq–Baniyas pipeline , which disrupted the supply of oil to Western Europe. The second instance was when war broke out between Egypt and Israel in 1967, but despite continued Egyptian and Syrian enmity against Israel, the embargo lasted only

21754-481: Was the Shah of Iran, and the Italian historian Giuliano Garavini has argued that the leader most responsible for the West's economic problems during the "oil shock" was not King Faisal, but rather the Shah. Some of the nations that were classified as "friendly" to the Arab viewpoint in regards to the Arab-Israeli dispute such as France and Belgium were the ones who suffered the most from the worldwide inflation caused by

21903-409: Was the troublesome issue of where to safety store the spent nuclear rods that emitted a toxic level of radioactivity for centuries afterward in an cost-effective manner. The issue of the spent nuclear rods was especially difficult because in a classic case of NIMBYism , communities proved very unwilling to accept a storage place for the inevitable by-product of nuclear power, the spent nuclear rods, with

22052-542: Was to kill hundreds of thousands. OPEC-member states raised the prospect of nationalization of oil company holdings. Most notably, Saudi Arabia nationalized Aramco in 1980 under the leadership of Saudi oil minister Ahmed Zaki Yamani . As other OPEC nations followed suit, the cartel's income soared. Saudi Arabia undertook a series of ambitious five-year development plans. The biggest began in 1980, funded at $ 250 billion. Other cartel members also undertook major economic development programs. Control of oil became known as

22201-418: Was under the control of Fatimid Caliphate . Later, Sultan Saladin abolished the Fatimid Caliphate in Egypt and took this region under his control too. It was the military route from Cairo to Damascus during the Crusades. And in order to secure this route, he built a citadel on the island of Pharaoh (near present Taba) known by his name ' Saladin's Citadel '. The peninsula was governed as part of Egypt under

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