{"word_count": 96, "character_count": 703}
Forty years later, an oil crisis retrospective / Joel Darmstadter, Common Resources, 2/01/2014http://common-resources.org/2014/40-years-later-an-oil-crisis-retrospective/Though the 1973 Yom Kippur War lasted only 20 days, the outbreak of Arab-Israeli hostilities was followed by two major events, with implications that are still debated today. The first was a politically motivated and largely symbolic initiative by a group of Arab oil producers (the Organization of Arab Petroleum Exporting Countries) to form a selective embargo on oil exports. The second was a collective economic decision by member countries of the Organization of Petroleum Exporting Countries (OPEC) to raise the price of oil...