In the 1970s, the supply of gas was affected by price controls imposed by the Nixon administration and then by an oil embargo by Arab members of the Organization of Petroleum Exporting Countries (OPEC).
As a political move aimed at pleasing voters, President Richard Nixon announced in 1971 (prior to his reelection campaign of 1972), "I am today ordering a freeze on all prices and wages throughout the United States.” The wage and price controls the Nixon administration sought to put in place interfered with natural market forces and oil supplies were reduced. That problem was magnified in 1973 when oil exporting countries in the Arab world imposed an embargo on supplies to the United States due to US support of Israel in a war that Israel was fighting against a coalition of Arab states.
Both factors -- lingering efforts at price controls and continued control of the oil and gas market by OPEC nations -- played into the long lines at gas pumps seen in America in the 1970s.
I had this question on my test but I don’t remember lol but use Socratic
Answer:
we might have an in depth understanding of why China is doing this. ( was i close?)
Explanation:
I feel greatly and passionate about people who are homeless. The reason I choose this is because they need help from people who are privileged to have money and a job to help them, and it will impact them in a good way. The issues with homelessness would be mostly solved if more shelters were put in place to help. Also people should be more compassionate about others situations. This is why I think homelessness is a big deal, important and fear because you never know what these people are going through
