Oil- an effective tool in Politics
From the Blog talalraza [image: Oil politics] The politics of oil has not been a widely discussed topic in the mainstream media. However, the topic holds a lot of significance. Many important historical events revolve around the oil politics be it the 1974 economic recession, USSR disintegration in late 1980s, the 2004 Iraq war, Libya war in 2011 or the Iran nuclear program. Looking at the history, one can realize that oil has been used as an effective political tool in the game of power politics. Let us review some incidents. The first major instance of oil politics was witnessed in 1973, when Organization of Petroleum Exporting Companies (OPEC), a bloc of oil producing countries (including Saudi Arabia, Iran, Iraq, Syria, Libya, Tunisia, Kuwait, Lebanon, Algeria and Egypt) placed an embargo over opakistanblogs.blogspot.comRead Full Post
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