Economic Warfare: Risks and Responses

DoD Consultant's Report, now on SCRIBD for all to view ^ | Originally, June 2009 | Kevin Freeman

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Analysis of Twenty-First Century Risks in Light of the Recent Market Collapse

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"On October 16, 1973, OPEC announced a decision to raise the posted price of oil by 70%, to $5.11 a barrel."

http://www.absoluteastronomy.com/topics/1973_oil_crisis (Note: in 1973 dollars)

Price of oil:

http://upload.wikimedia.org/wikipedia/commons/8/87/Oil_Prices_1861_2007.svg

[indthkr]

economics bump for later........

[Bean Counter]

yah....I got through the first page and I think this accurately restates what has been clear for some time, that the US is vulnerable to cyber attack against our economic system, and that countries like Russia and China might be interested in facilitating such a crisis, if they are not already trying to do so now.

Any free society is going to be vulnerable to those who would use that society’s freedom, laws and rules against it. It is the chance we have taken since the US was founded, and the age of information only makes us that much more vulnerable to attack.

Be prepared.

[combat_boots]

Ta Da! Here’s a warm and fuzzy factoid:

“In 1960 a gallon of gas was 25 cents...in 1970 a gallon of gas was 36 cents......”

(Yahoo, Answers.com)

We made less $$ then, of course.

The change came with OPEC in 1973. And Libya led the way on that. Qaddafi nationalized the oil industry in Libya then.

http://www.top40-charts.info/?title=1973_world_oil_market_chronology