Fact CheckThe Strategic Petroleum Trap
What specifically forced the creation of the International Energy Agency and its strict global mandate that countries hold 90 days of net oil imports?
A rogue United Nations climate resolution in the late 1990s.
Decades of post WWII economic stabilization planning.
The sheer geopolitical panic of the 1973 Arab Oil Embargo.
Correct. It was born out of sheer panic and economic warfare.