Here is an interpretation of the 1973 oil shock:
On October 6, 1973, Egypt
and Syria invaded Israel, igniting what became known as the "Yom
Kippur" war. Contrary to popular impression, the "Yom Kippur"
war was not the result of simple miscalculation, a blunder, or an
Arab decision to launch a military strike against the state of
Israel. The entire constellation of events surrounding the
outbreak of the October war was secretly orchestrated from
Washington and London, using the powerful diplomatic secret
channels developed by Nixon's White House National Security
Adviser, Henry Kissinger...
http://earth.prohosting.com/~jswift/engdahl.html
Corroboration of Engdahl's account was provided
a few years ago by Sheikh Ahmed Zaki Yamani, who was Saudi Arabia's
OPEC minister at the time:
“I am 100 per cent sure that the Americans were behind the
increase in the price of oil. The oil companies were in in real
trouble at that time, they had borrowed a lot of money and they
needed a high oil price to save them.”
He says he was convinced of this by the attitude of the Shah of
Iran, who in one crucial day in 1974 moved from the Saudi view,
that a hike would be dangerous to Opec because it would alienate
the US, to advocating higher prices.
“King Faisal sent me to the Shah of Iran, who said: ‘Why are
you against the increase in the price of oil? That is what they
want? Ask Henry Kissinger - he is the one who wants a higher
price’.”
Yamani contends that proof of his long-held belief has recently
emerged in the minutes of a secret meeting on a Swedish island,
where UK and US officials determined to orchestrate a 400 per cent
increase in the oil price.
http://www.engdahl.oilgeopolitics.net/
The Arabs' intention to invade Israel was real. It so happened
that the US was able to get the best of what was inevitable - The
Yom Kippur War.
The Egyptians and Syrians launched a well-planned attack on
Israel when the Israelis were standing before their Lord in the
synagogues on Yom Kippur, the most important and solemn holiday for
the Jews.
