{"id":373399,"date":"2020-09-14T08:37:14","date_gmt":"2020-09-14T03:07:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373399"},"modified":"2020-09-14T09:09:02","modified_gmt":"2020-09-14T03:39:02","slug":"bringing-us-economy-to-its-knees-to-being-a-friend-opec-turns-60","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bringing-us-economy-to-its-knees-to-being-a-friend-opec-turns-60\/","title":{"rendered":"Bringing US economy to its knees, to being a friend: Opec turns 60"},"content":{"rendered":"<p>In 1973, Arab members of the Organization of Petroleum Exporting Countries (Opec) brought the US economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington\u2019s bidding. <\/p>\n<p>Since Saudi Arabia and other Arab Opec members imposed their famous oil embargo as retribution for US support for Israel during the Yom Kippur War, shifts in global politics and a surge in America\u2019s oil production have tamed the group. Opec\u2019s most hawkish members, Iran and Venezuela, have been sidelined by US sanctions while its kingpin, Saudi Arabia, has shown it would rather appease Washington than risk losing US support, current and former Opec officials say.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 1973, Arab members of the Organization of Petroleum Exporting Countries (Opec) brought the US economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington\u2019s bidding. Since Saudi Arabia and other Arab Opec members imposed their famous oil embargo as retribution for US support for Israel during the Yom Kippur War, shifts in global politics and a surge in America\u2019s oil production have tamed the group. Opec\u2019s most hawkish members, Iran and Venezuela, have been sidelined by US sanctions while its kingpin, Saudi Arabia, has shown it would rather appease Washington than risk [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-373399","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373399"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373399\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}