What happened to the economic importance of oil in Louisiana in the 1980s? It declined in importance due to competition from cheap foreign oil. It declined in importance because American forces captured

What happened to the economic importance of oil in Louisiana in the 1980s?

It declined in importance due to competition from cheap foreign oil.

It declined in importance because American forces captured Iraqi oil fields.

It increased in importance because many of the Alaska oil wells dried up.

It increased in importance due to higher demand from the Army.

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