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that we belong together rather than apart. In previous chapter, I
wrote about harmony, that it is one of our most important
mediums. It has to be worked for.
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At first, the consequences of the gasoline price explosion of
1973 were still bearable, but everything started to change. Later,
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half the world watched the OPEC announcements with
growing anxiety. If not the whole world. The former
subordination to the extraction of raw materials seemed to be
reversed, and the countries that had oil turned towards
unprecedented development and prosperity. Someone
somewhere realized that it was a bigger business to put a price
pressure on the consumer society of developed and less
developed countries of the world than to resell cheaply obtained
raw materials on a cheap basis. It is better to buy crude oil at an
expensive price, extract it and put it on the market at an
increasingly expensive price. For the most part, both areas were
in their hands anyway. A little later, the same thing happened
with gas, but first it was necessary to develop widespread
dependence on the consumer market, referring to its cheapness.
They said that gas is not like that - it is cheap - and the country
switched to convenient gas heating.
The first two or three weeks of every January were about
nothing but the announcement of price increases. Prices were
heading to unknown heights and the country's leaders began to
realize that this was a never-ending spiral, and Hungary took
out one loan after another to finance its fake goulash
communism. However, it is also at this time that a young team
with adequate understanding of the financial affairs of the time
begins to form in the Ministry of Finance, thanks to the aging
36 Organization of the Petroleum Exporting Countries, an organization of petroleum
exporting countries, its members are mainly Arab and developing countries. In 1973,
after the Arab-Israeli war, Western Europe and the USA were boycotted for half a year
because they supported Israel. As a result of the boycott, the role of crude oil changed
and the world began to be fundamentally reorganized.
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