But in 1973, Obaid suggests, the ulema pushed King Faisal to impose an oil embargo on the U.S. to punish it for supporting Israel in the October war of that year--helping to shove America into a 15-month recession.

FORBES: The Prize

But in 1973, Obaid suggests, the ulema pushed King Faisal to impose an oil embargo on the U.S. to punish it for supporting Israel in the October war of that year--helping to shove the global economy into a recession that lasted more than a year.

FORBES: The prize

If King Abdullah really wants to deflate the oil markets, he could try announcing an increase in output of a few million barrels a day.

ECONOMIST: Oil prices