4 years ago

What unprecedented actions resulted from the OPEC embargo and how did it change American energy policy

1 answer:

3 0

The OPEC also known as the Organization of Arab Petroleum Exporting Countries proclaimed an oil embargo in the 1972. This was a result of US' support for the Israel during the Yom Kippur War. The embargo caused oil prices to rise fro dollars a barrel to near 12 dollars globally. It gave rise for US to develop its own oil generating capacity to sustain its energy sources.

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