Benoit Falcon and Summer Said, Wall Street Journal, writes the obit Saudi Arabia’s most influential oil minister, here…
”Then-Crown Prince Faisal, son of the founder of Saudi Arabia King Abdulaziz, took him under his wing upon his return, leading to his appointment as oil minister at the age of 32. As head of what would become the region’s biggest oil player, he would also become the de facto leader of the Organization of the Petroleum Exporting Countries, shaping it into a formidable, global economic force.
Arab members of the group agreed to embargo oil exports to the U.S. in 1973, to protest Washington’s support of Israel in the Yom Kippur war that year. Crude prices quadrupled and American gasoline prices soared, triggering long lines at filling stations across the country and a global economic recession.”
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