All of the following statements regarding the oil embargo of 1973-1974 are true except
A) OPEC halted oil shipments to the United States,western Europe,and Japan to protest their support of Israel.
B) the embargo caused panic in the United States,which used 30 percent of the world's energy.
C) the government lowered the speed limit on highways to 55 miles per hour to save energy.
D) after the oil embargo was lifted,energy prices dropped below the pre-embargo prices.
Correct Answer:
Verified
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