Question

What was the cause of the collapse of natural gas in the 70's and early 80's?

1) Increase in demand
2) Decrease in supply
3) Government regulations
4) Technological advancements

Answer 1

The collapse of natural gas in the 70's and early 80's was caused by an increase in demand, decrease in supply, and government regulations.

correct answer is 1

Step-by-step explanation:

The cause of the collapse of natural gas in the 70's and early 80's was a combination of factors, including an increase in demand, a decrease in supply, and government regulations.

While there was an increase in demand for natural gas during this time period, primarily due to the growth of the industrial sector, the supply of natural gas was not able to keep up.

This was partly due to the decline in conventional gas reserves and the limited availability of new sources.

Additionally, government regulations played a role in restricting the expansion of natural gas production and distribution.

correct answer is 1