oil prices Archives - American Cornerstone Institute

The Biden Administration’s Strategic Petroleum Reserve Strategy Comes with High Risk in and Uncertain World

April 17, 2024

In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo against the United States in retaliation for its decision to resupply Israel during the fourth of the Arab-Israeli wars. The Yom Kippur War, as it became known, started on October 6,…

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