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The reason why OPEC placed an embargo on oil was because there were boarder issues between Israel and Syria and Egypt. They actually placed the embargo only on countries that supported Israel: the Netherlands & the USA. Israel & the USA were causing so much of a rucus, OPEC wanted to show who was actually in control because oil was in such high demand and OPEC could hurt the USA & the Netherlands & Israel just as much as they could help 'em.
sorry, no one was answering and I actually knew the answer.
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Why did OPEC impose an embargo against the US?
All Arab nations that export oil are members of OPEC. When the US supported Israel in the Yom Kippur War (as to offset USSR's supplies to the Arab states) OPEC declared an oil embargo on the US..
How did the oil embargo end up hurting OPEC?
yer or no?
What was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
What caused extreme gas shortages in America during 1973?
OPEC oil embargo
Which of the following was a lasting effect of the OPEC embargo in the 1970s on the US economy?
reduced use of petroleum
How did OPEC react to the Yom Kippur War?
OPEC responded with an embargo of the United States (which had sent materiel to Israel in the late stages of that war), which resulted in the Arab Oil Embargo of 1973.
Why did OPEC impose an embargo against the US?
All Arab nations that export oil are members of OPEC. When the US supported Israel in the Yom Kippur War (as to offset USSR's supplies to the Arab states) OPEC declared an oil embargo on the US..
Did the OPEC react to the Yom Kippur War?
Yes, it did. OPEC responded with an embargo of the United States (which had sent materiel to Israel in the late stages of that war), which resulted in the 1973 oil crisis.
Which was a major cause of the energy crisis in the early 1970s?
OPEC refused to sell oil to the United States The OPEC embargo on oil sales to countries supporting Israel The conflict over Israel
How is OPEC dangerous to the US?
Oil embargo
How did the oil embargo end up hurting OPEC?
yer or no?
What triggered the oil crisis of the 1970s?
The OPEC oil embargo.
Which country buys the largest percentage of OPEC oil?
The United States, in fact, buys the largestpercentage of OPEC oil.
How did the organization of OPEC respond to President Nixon's support of Israel during the Yom Kippur War in 1973?
The Arab countries imposed an oil embargo on the United States and every other developed country. The hope was that this economic pressure would force the United States to pursue a Pro-Arab agenda. While the embargo was able to cow Japan into pursuing a more Pro-Arab agenda (as the embargo had much worse effects there), it was ineffective at changing American opinion.
Who was president during the OPEC embargo?
Thomas Jefferson was president when the Embargo Act of 1807 was passed.
What were the effects of the Arab OPEC oil embargo on the US?
what were the effects of the Arab OPEC oil embargo on the U.S
What is most closely related to OPEC during the 1970?
The energy crisis in the United States in the 1970s is closely related to Opec.
