The Role of OPEC in the Oil Revolution

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

In 1973 oil prices truly accelerated the so-called oil shock or what you instead call the oil revolution. When we refer to shock, what are we talking about? And this massive increase was one of the most important economic events in the 20th century. In every history book there is a reference to 1973 if you speak to your grandparents or parents,. everybody knows it existed.

Featuring Giuliano Garavini on his book The Rise and Fall of OPEC in the Twentieth Century. The second in a two-part series on the 20th-century history of petrostates, petrocapitalists, and the world system. Support this podcast at Patreon.com/TheDig Subscribe to n+1. Go to nplusonemag.com/thedig and enter THEDIG at checkout Learn more about Haymarket's Book Clubs at haymarketbooks.org