The Arabs Cut the Supply of Oil, and That's Why the Prices Rise

On october seventeenth, a six arab oil producing countries declaret the they're cutting the amount of oil they export by five % per month until israel returns as territories. Two days later, two days after that, yoncopor war starts. And this has nothing to do with opeck at all. Thisis just a couple of random arab countries are like, we'reging to do this. But you know this, this get sort of system like this. It's empirically wrong. The embargo and the price people are different groups. They haveNothing to do with each other.