Israel's Creation, Communist Revolution and the Arab Oil
By Nauman Sadiq, New Age Islam
2 August 2014
Is it not the
international politics most significant coincidence that the Balfour
declaration for the creation of Israel was passed in the same fateful
year: November 1917, in which the February and October Communist
revolutions were taking place in Russia? Coincidences do happen but
sometimes they are contrived to look like mere coincidences.
No informed person
can deny the importance of oil for the industrial economies, but it is
generally believed in the foreign policy circles that oil took the
centre stage in the international politics only after the collective
Arab oil embargo of 1973 when the price of oil quadrupled in a short
span. It is a fact that the US got so paranoid after the Embargo that it
started keeping 60 days stock of reserved fuel, just in case the Arabs
do it again.
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