OPEC wanted to raise the price of oil, so they used the supply /demand theory to get what they wanted. They held back the oil and raised the demand for it.
yer or no?
OPEC oil embargo
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..
the US supported Israel in a regional conflict
americans waited in long lines for expensive gasoline
Oil embargo
The OPEC oil embargo.
what were the effects of the Arab OPEC oil embargo on the U.S
yer or no?
Oil embargo affected the US in a few ways. The main way the US was affected by OPEC.
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.
Yes.
OPEC oil embargo
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..
americans waited in long lines for expensive gasoline
the US supported Israel in a regional conflict
OPEC