An oil shortage in 1973 was mainly the result of
A)increased reliance on foreign oil and global politics.
B)increased reliance on foreign oil and the law of supply and demand.
C)a ban on offshore exploration in the United States.
D)global prosperity and demand for oil globally.

Question

Quizplus · Accepted Answer

The oil shortage in 1973 was mainly due to increased reliance on foreign oil and global politics. The Arab oil embargo, led by the Organization of Arab Petroleum Exporting Countries, was a response to the United States' support for Israel during the Yom Kippur War in 1973. This caused a significant reduction in oil supply, leading to a global oil crisis.

An Oil Shortage in 1973 Was Mainly the Result of