3 years ago

After the energy crisis of the 1970’s and the OPEC oil embargo, the US _______.

1 answer:

4 0

The Americans resorted to energy and gas-saving measures to cope with the embargo and the high price of oil. The competition posed by non-OPEC members also contributed to the drop in oil prices and this affected the Arab economy who also took up austerity approaches to address the matter. The prices of oil later stabilized in the 1980s.

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