Why did the United States government place price controls on petroleum companies in the early 1970s? A) Oil companies needed more money in order to increase exploration. B) Oil executives had been criticized

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asked Apr 18, 2020 93.7k views

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Why did the United States government place price controls on petroleum companies in the early 1970s?

A) Oil companies needed more money in order to increase exploration.
B) Oil executives had been criticized for spending money wastefully.
C) There was an international oil embargo that caused gas prices to rise.
D) People were refusing to buy gasoline because of its link to terrorist groups.