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Which effect did the oil embargo of 1973 have on the oil industry in Texas?
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Which effect did the oil embargo of 1973 have on the oil industry in Texas?

Which effect did the oil embargo of 1973 have on the oil industry in Texas?-example-1
User MBarton
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23 votes

Answer: The embargo both banned petroleum exports to the targeted nations and introduced cuts in oil production. Several years of negotiations between oil-producing nations and oil companies had already destabilized a decades-old pricing system, which exacerbated the embargo's effects.

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User Marko Zadravec
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14 votes
14 votes

Answer:

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

Step-by-step explanation:

User Andrej Palicka
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