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The Prize Chapter 29
The Prize Chapter 29
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12/06/2011

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Cards

Term
• George Schultz
Definition
headed the Cabinet Task Force
o Recommended that the quotas be scrapped altogether and replaced with a tariff
o Negative response- Congressmen feared that the proposal would mean still more oil imports and would threaten the domestic industry
Term
• Shah of Iran
Definition
was also disappointed, wrote that Iran’s security and economic development required it to surmount the quota barriers and sell more oil to directly to the U.S>
Term
• James Akins
Definition
State Department’s chief oil expert

o Directed a secret oil study that showed the world petroleum industry was passing through the last gap in the buyers market
o Thought the U.S. should act to reduce the growth rate of consumption, raise domestic production, and strive to import secure sources
o To counter growing energy threat- expand coal use, development of synthetic fuels. And increase research and development spending
o Wrote “The Oil Crisis: This Time the Wolf is Here”
Term
• Radicals in OPEC
Definition
(Iraq, Algeria, and Libya) all wanted changes in the Tehran and Tripoli agreements- didn’t like how companies profits were also increasing along with countries
Term
• Anwar Sadat
Definition
came to power after Nasser’s death- new Egyptian president
o Unlike Nasser, he did not want to lead a united Arab nation he wanted to only concentrate on the restoration of Egypt
o Wanted to break out of the cycle of conflict with Israel- a settlement would never occur while Israel sat on the eastern bank of the Suez Canal
o Threw out the arrogant Soviet military advisers
o Decided to go to war against the Israelis; it was the only way to obtain his political objectives- wanted to open up countries to negotiation
o War was kept a secret between Egypt and Syrian and King Faisal of Saudi Arabia
Term
• King Faisal
Definition
was quick to disagree to the use of oil as a weapon-politics and oil should not be mixed. When you cut oil exports you hurt yourself by losing revenue
changed his mind- Middle Eastern oil not American oil had become supply of last resort
Term
Saudia Arabia
Definition
Was the swing producer for the entire world
Term
Anwar Sadat
Definition
was pressing Faisal to consider using the oil weapon to support Egypt in confrontation with Israel and maybe the West
Term
• King Faisal
Definition
changed his mind and warned Saudi would not increase their oil production capacity to meet rising demand, and the oil weapon would be used, unless the US moved closer to the Arab point of view and away from Israel
Term
• Israel Zionism and Soviet Communism
Definition
were on the verge of having American interests thrown of out the area
Term
Leonid Brezhnev
Definition
Soviet General Sectary
Term
• General Brezhnev
Definition
argued that the Middle East was explosive and war might soon start here
Term
Anwar Sadat
Definition
went to King Faisal to get Saudi Arabia’s support for war- King said he would use oil weapon
Term
King Faisal
Definition
• King wanted to effect a change in US policy and would use oil for that purpose
Term
Resource Diplomacy
Definition
aimed to reorient Japan’s foreign policy in such a way as to try to guarantee access oil
Term
- John McCloy
Definition
• Chairman of Aramco, stated that if the US increased its military support for Israel there could be a snowballing effect in terms of retaliation that would produce a major petroleum crisis
Term
• Henry Kissinger
Definition
- Jewish American who would explain to Arab foreign ministers why the US had to supply Israel. Promised ministers that US would cease fire and movement towards a peace settlement
Term
• Omar Saqqaf
Definition
Saudi Minister of State that led four Arab ministers to meet with Kissinger and Nixon
Term
Richard Nixon
Definition
publicly proposed a 2.2 billion military package for Israel on the same day that Libya announced it was embargoing all shipments to the US
Term
Henry Kissinger
Definition
• tried to devise a cease-fire formula; Saudi after hearing US aid proposal decided also to cut off all oil shipments to US and other countries were doing the same
Term
Saturday Night Massacre
Definition
Nixon fired the special prosecutor Archibald Cox who had been appointed to investigate the Watergate Scandal and who had subpoenaed the President’s secret office tape recordings- Attorney General Elliot Richardson and his chief deputy - all hell broke loss in the white house
• Massacre occurred the night before the embargos
Term
William Ruckelshaus and Elliot Richardson
Definition
resigned in protest of Nixon along with the Attornery General
Term
• Henry Kissinger
Definition
o During Watergate, Nixon gave him responsibility for American policy
o He emerged as the needed figure of authority and continuity at a time when confidence in America was being test
Term
• Leonid Breshnev
Definition
message: the joint American-Soviet force needed to move in to separate the two sides- the US would have to respond to the challenge
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