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Sunday, April 29, 2012

'Shah Speech in OPEC in 1973'


"In 1973 the Shah intended to free Iran from unfair oil contracts that was supposed to end in 1979. That did not happen. Except, the brits and Jimmy Carter gave Iran a terrorist mullah called Khomeini & his ideology who not only killed Iranians but indirectly was responsible in murdering many Westerners.

January 1973—The 1973--1974 stock market crash begins, as a result of inflation pressure, the Nixon Shock and the collapsing monetary system.
August 23, 1973—In preparation for the Yom Kippur War, Saudi King Faisal and Egyptian president Anwar Sadat meet in Riyadh and secretly negotiate an accord whereby the Arabs will use the "oil weapon" as part of the upcoming military conflict.[13]
October 6 - Egypt and Syria attack Israeli occupied lands in Sinai and Golan Heights on Yom Kippur, starting the fourth Arab-Israeli War.
October 8--October 10—OPEC negotiations with major oil companies to revise the 1971 Tehran price agreement fail.
October 12— The United States initiates Operation Nickel Grass, an overt strategic airlift operation to provide replacement weapons and supplies to Israel during the Yom Kippur War. This followed similar Soviet moves to supply the Arab side.
October 16 - Saudi Arabia, Iran, Iraq, Abu Dhabi, Kuwait, and Qatar unilaterally raise posted prices by 17% to $3.65 per barrel and announce production cuts.[14]
October 17—OPEC oil ministers agree to use oil as a weapon to influence the West's support of Israel in the Yom Kippur war. They recommend an embargo against non-complying states and mandate a cut in exports.
October 19—US President Richard Nixon requests Congress to appropriate $2.2billion in emergency aid to Israel. This decision triggered a collective Arab response.[9] Libya proclaims an embargo on oil exports to the United States; Saudi Arabia and other Arab states follow.

October 23--October 28—The Arab oil embargo is extended to the Netherlands.
October 26—The Yom Kippur War ends.
November 5—Arab producers announce a 25% output cut. A further 5% cut is threatened.
November 23—The Arab embargo is extended to Portugal, Rhodesia, and South Africa.
November 27—U.S. President Richard Nixon signs the Emergency Petroleum Allocation Act authorizing price, production, allocation and marketing controls.
December 9—Arab oil ministers agree to another five percent cut for non-friendly countries for January 1974.
December 25—Arab oil ministers cancel the five percent output cut for January. Saudi oil minister Ahmed Zaki Yamani promises a ten percent OPEC production rise.
January 7--January 9, 1974—OPEC decides to freeze prices until April 1.
January 18—Israel signs a withdrawal agreement to pull back to the east side of the Suez Canal.
February 11 - United States Secretary of State Henry Kissinger unveils the Project Independence plan to make U.S. energy independent.
February 12--February 14—Progress in Arab-Israeli disengagement brings discussion of oil strategy among the heads of state of Algeria, Egypt, Syria and Saudi Arabia.
March 5—Israel withdraws the last of its troops from the west side of the Suez Canal.
March 17—Arab oil ministers, with the exception of Libya, announce the end of the embargo against the United States.
May 31—Diplomacy by Henry Kissinger produces a disengagement agreement on the Syrian front.
December 1974—The 1973--1974 stock market crash ends.''

we had a deal with the saudi's..........so why did they cut us off from oil in 1974?............

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