What were the effects of the arab opec oil embargo on the united states?

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asked Apr 7, 2018 183k views

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What were the effects of the arab opec oil embargo on the united states?

History
high-school

Vendettamit asked

by Vendettamit

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Answer:

The United States faced a severe oil shortage.

The price of oil rose dramatically.

Moriesta answered Apr 9, 2018

by Moriesta

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The effects of the embargo were immediate. OPEC forced oil companies to increase payments drastically. The price of oil quadrupled by 1974 to nearly US$12 per barrel (75 US$/m3)

Smftr answered Apr 14, 2018

by Smftr

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