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This Day in History - October 17th
(2001) - Color - 1 min
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This Day in History - October 17th
Starring - OPEC
Directed by - (2001) - Color - 1 min
The LikeTelevision™ History channel proudly presents, This Day In History - October 17! On October 17, 1973, the principle leaders of OPEC, the Organization of Petroleum Exporting Countries, convene in Algiers. The all Arabic summit declares all oil exports suspended to all nations considered to have helped Israel in the 1973 October war. The Arab oil embargo soon causes major shortages in the U.S. and Britain and gas rationing produces many long car jams at filling stations. Saudi Arabia advocated only moderate price hikes but in the meantime the cost of crude oil rose 400% in the next year.
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This Day in History - October 17th
Starring - OPEC
Directed by -
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