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In 1973 the Organization of Petroleum Exporting Countries Stopped Exporting

Question 56

Multiple Choice

In 1973 the Organization of Petroleum Exporting Countries stopped exporting their oil for a time. What effect do you suppose this embargo had on the nuclear power industry?


A) There was little effect as most experts in the industry knew that the 1973 oil embargo was going to be short-lived.
B) This embargo boosted the support for building of many new nuclear power plants.
C) It lowered the price of electricity generated from nuclear power plants, which then held a greater share of the market.
D) Any positive effect of this embargo could have had on the nuclear power industry was promptly negated by the Chernobyl disaster.

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