A history lesson | AspenTimes.com

A history lesson

Dear Editor:How soon we forget the lessons of history. Remember the cause of the 1973 oil crisis? Here’s a quick refresher:In 1967 Israel launched attacks against Egypt, Jordan and Syria. At the end of the Six-Day War, Israel occupied Arab land in the Gaza Strip, the Sinai Peninsula, the West Bank, and the Golan Heights. In 1973 Arab forces united to regain the land lost to Israel, resulting in the Yom Kippur war. The U.S. supplied weapons and aid to Israel which also had support from Britain, France and the Netherlands. The Arabs responded with an oil embargo to pressure the Western countries, specifically America, into demanding that Israel withdraw their troops from the Arab territories.The Arab oil embargo caused New York Stock Exchange losses of $97 billion in six weeks. Within a year in the U.S., the price of a gallon of gas rose from a national average of 38.5 cents to 55.1 cents. By 1974 the price of oil had quadrupled, producing shortages, rationing, and national shock.Now the U.S. is on the verge of entering into a conflict on the side of Israel against Iran, possibly involving Lebanon and Syria, apparently without any thought to the possible effect a regional war will have on our energy supply and economy. Having suffered great losses in Iraq because we neglected to think about the consequences of overthrowing the government and setting up an occupation, we should be doubly cautious in provoking Iran.If we decide to ignore the lesson of 1973 and back Israel against its Muslim neighbors, we’d better be prepared to suffer through a devastating economic crisis. Are you ready to pay $6 per gallon?Sue GrayCarbondale

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