What was the main cause of the soaring energy costs during Ford's administration?

Question

​What was the main cause of the soaring energy costs during Ford's administration?

Quizplus · Accepted Answer

The main cause of the soaring energy costs during Ford's administration was the OPEC (Organization of the Petroleum Exporting Countries) oil embargo, where OPEC members stopped exporting oil to countries that supported Israel during the Yom Kippur War in 1973. This caused a shortage of oil, leading to a rapid increase in the price of crude oil and subsequently, energy costs.

​What Was the Main Cause of the Soaring Energy Costs

What Was the Main Cause of the Soaring Energy Costs