An oil shortage in 1973 was mainly the result of _________.

Question

Quizplus · Accepted Answer

The oil shortage in 1973 was mainly the result of global politics and an increased reliance on foreign oil. The Organization of Arab Petroleum Exporting Countries (OAPEC) placed an embargo on oil exports to several countries, including the United States, in response to their support of Israel in the Yom Kippur War. This led to widespread panic and a sharp increase in oil prices, which caused shortages and long lines at gas stations. The U.S. had been increasingly reliant on foreign oil imports in the preceding years, and this event highlighted the vulnerability of the U.S. to global oil politics.

An Oil Shortage in 1973 Was Mainly the Result of _________