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Why did Middle Eastern nnations slow oil production in 1973 causing an oil crisis?
Wiki User
∙ 7y ago
they realized that they could get a lot more money for their oil , so they used it for bargaining purposes and trade deals. the crisis was only in Europe and North America, because they are the largest consumers of imported oil.
Wiki User
∙ 8y ago
Wiki User
∙ 7y agoThe OPEC nations wanted oil to cost more, so they created a shortage to bring up prices around the world. When supply is short then demand goes up causing prices to go up.
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Why did middle eastern nations oil production in 1973 causing an oil crisis?
to pressure Israe to give back land it had taken by (ACT)
Why did Middle Eastern nations slows oil production in 1973 causing an oil crisis?
to pressure israael to give back land it had taken
Why did middle eastern nations slow oil production in 1973 causing an oil crisis?
to pressure israael to give back land it had taken
Why did middle eastern nations slow oil production in 1973, causing an oil crisis?
to pressure Israe to give back land it had taken by (ACT)
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