1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
antiseptic1488 [7]
2 years ago
10

Can someone write a paragraph of Energy crisis on 1970 please

History
1 answer:
Montano1993 [528]2 years ago
8 0
By the early 1970s, American oil consumption—in the form of gasoline and other products—was rising even as domestic oil production was declining, leading to an increasing dependence on oil imported from abroad. Despite this, Americans worried little about a dwindling supply or a spike in prices, and were encouraged in this attitude by policymakers in Washington, who believed that Arab oil exporters couldn’t afford to lose the revenue from the U.S. market. These assumptions were demolished in 1973, when an oil embargo imposed by members of the Organization of Arab Petroleum Exporting Countries (OAPEC) led to fuel shortages and sky-high prices throughout much of the decade. Background to the 1970s Energy Crisis
In 1948, the Allied powers had carved land out of the British-controlled territory of Palestine in order to create the state of Israel, which would serve as a homeland for disenfranchised Jews from around the world. Much of the Arab population in the region refused to acknowledge the Israeli state, however, and over the next decades sporadic attacks periodically erupted into full-scale conflict. One of these Arab-Israeli wars, the Yom Kippur War, began in early October 1973, when Egypt and Syria attacked Israel on the Jewish holy day of Yom Kippur. After the Soviet Union began sending arms to Egypt and Syria, U.S. President Richard Nixon began an effort to resupply Israel. Did you know? The United States alone consumes about 20 million of the roughly 100 million barrels of oil consumed daily in the world.
In response, members of the Organization of Arab Petroleum Exporting Countries (OAPEC) reduced their petroleum production and proclaimed an embargo on oil shipments to the United States and the Netherlands, the main supporters of Israel. Though the Yom Kippur War ended in late October, the embargo and limitations on oil production continued, sparking an international energy crisis. As it turned out, Washington’s earlier assumption that an oil boycott for political reasons would hurt the Persian Gulf financially turned out to be wrong, as the increased price per barrel of oil more than made up for the reduced production.
You might be interested in
Please help me ASAP, I suck at history and no one will answer this. How were the early labor and farmers’ movements alike and ho
KATRIN_1 [288]
The farmers movement as, in American political history. In this movement, there were three periods, popularly known as the Grange, Alliance and populist movements. The labor movement consists of two main wings: the trade union movements and the labor union movement, which is the American English also related to the farmers movement. Mark brainliest??
7 0
3 years ago
Describe Germany’s successes at the beginning of world war 2?
jolli1 [7]

WW2 Axis powers had enough successes early in the war to make dramatic gains in the European and Pacific theaters of war, but enough failures to doom themselves to ultimate defeat. ... Hitler invaded Poland on 1st September 1939 and Britain and France declared war on Germany two days later.

4 0
3 years ago
How were the principles of humanism and the Protestant reformation similar
DedPeter [7]
The main way in which the principles of humanism and the Protestant reformation were similar is that they both start putting emphasis on the individual, as opposed to a divine group. 
6 0
3 years ago
Three early trading cultures along the Mediterranean Sea were _____.
Rainbow [258]

Answer:

Crete, Byblos, Ugarit.

Explanation:

6 0
3 years ago
Student Expectations: analyze causes of the American Revolution, including the Proclamation of 1763,Boston Massacre, Boston Tea
Lesechka [4]

Answer:

Enlightenment helped cause American resistance to British rule, such as the Stamp. Act protests or the Boston Tea Party.

Explanation:

8 0
3 years ago
Other questions:
  • What kind of economic system does South Africa have?
    5·1 answer
  • ___ is the name used to refer to the era of legalized segregation in the United States.
    10·2 answers
  • How did the Supreme Court ruleon the case of the governor of Hawaii trying to suspend the writ of habeas corpus during the attac
    5·2 answers
  • For the first 1 billion years of the Earth’s evolution, the fraction of oxygen in its atmosphere was approximately Group of answ
    6·1 answer
  • Who is responsible for protecting the public interest and acting on behalf of the people, such as representing
    5·1 answer
  • Some Islamic nations are struggling with incorporating democratic principles into
    15·1 answer
  • Read the passage retold from The Tale of Genji. Summarize one of the central ideas from the passage. PLSS TO IT QUICK!!
    15·2 answers
  • PLZ HELP ME !!!!!!
    9·1 answer
  • What are two ways the meaning of the U.S Constitution can change
    13·1 answer
  • Ngl the Brutish Argonian mod for Skyrim makes the male Argonian pretty hot-
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!