Register
What effect did the oil embargo of 1973 have on the oil industry in Texas? HURRY
41.6k views
1 vote
What effect did the oil embargo of 1973 have on the oil industry in Texas?
HURRY

User Alexandre Juma
by
4.6k points

2 Answers

6 votes

Answer:

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

Step-by-step explanation:

User DennisJZH
by
4.9k points
4 votes

Answer:

Increase payments

Step-by-step 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.

User Winton Hou
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers

Other Questions

Which of the following is a content theory that proposes that people are motivated by physiological, safety, belongingness, esteem, and self-actualization needs? a. Contingency theory b. Process theory
Need immediate answer! Giving 5 stars and thanks if you're correct. Checking after test! "It's important to judge others by their merits, rather than their appearance." Which passage from the strangers
People who take a "marble cake" view of federalism believe thatstate governments are too weak to meet most citizen needsstate governments are supreme over the national governmentnational and state governments
A conventional mortgage loan is one that is not insured or guaranteed by an agency of the U.S. government. The lender, however, can still pursue a private mortgage insurance (PMI) policy to provide a guarantee
___________________ provides a method of paying for loss or damage if you are involved in a collision. Restitution Insurance The DMV Your car company
Link Copied!