Arab oil-exporting nations use of Oil as a Weapon

Arab oil-exporting nations used oil as a weapon against developed, oil-importing Western nations twice in the 1970s. The motivations underlying the cut-off of oil supplies to Western oil-importing nations were both economic and political in character. In an economic context, the oil-exporting nations sought to gain control over their petroleum resources from international oil companies and to gain a transfer of wealth from developed nations, oil-importing nations to the oil-exporting nations. The oil boycotts were largely successful in relation to the economic goals. In a political context, the Arab oil-exporting nations sought to weaken the uncritical Weste

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