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The Mineral Conflict Is Here

palladiummag.com · 5,002 words · saved by 1 readers

In the aftermath of the humiliating Yom Kippur War, the Arab nations decided the time was finally right to deploy its most powerful weapon: oil. In 1973, Saudi Arabia had just replaced the U.S. as the world’s oil producer of last resort, which meant that even at 100% production capacity, the U.S. would be powerless to replace Saudi Arabian supply in the event it was cut off. OPEC announced an oil embargo on supporters of Israel in the October of that year, and the energy world would never be the same again. The ensuing shortages and rationing led Western nations, especially the U.S., to ramp up production. President Richard Nixon launched Project Independence, an initiative that called for the United States to achieve energy independence by developing alternative energy sources and building 1,000 nuclear power plants. The initiative failed as fears surrounding nuclear energy grew and renewable energy technology of the time proved inefficient. However, it led to the creation of the Depa

Arya Krisdyantara/Sulfur mine in Kawah Ijen, East Java, Indonesia In the aftermath of the humiliating Yom Kippur War, the Arab nations decided the time was finally right to deploy its most powerful weapon: oil. In 1973, Saudi Arabia had just replaced the U.S. as the world’s oil producer of last resort, which meant that even at 100% production capacity, the U.S. would be powerless to replace Saudi Arabian supply in the event it was cut off. OPEC announced an oil embargo on supporters of Israel in the October of that year, and the energy world would never be the same again. The ensuing shortages

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