Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

what effect did the oil embargo of 1973 have on the oil industry in Texas?
HURRY


Sagot :

Answer:

Increase payments

Explanation:

The embargo had negative repercussions. Organization of the Petroleum Exporting Countries  pressured oil producers to significantly raise payments. By 1974, the price of crude oil had increased, rising from $3 to approximately $12 per gallon, or $17 to $61 per gallon in today's dollars.

Answer:

It created a need for oil companies to hire more workers.

Explanation: