Question

Which statement proves that 1970s oil crisis had a positive effect on texas?

A. government loans gave the oil industry a second chance to boom.
B. people blamed texas for high prices, so the government lowered prices
C. high prices from the middle east increased the sale of oil in texas
D. Texas realized it could produce more oil than the middle east

Answer 1

I think it might be D. Hope this helps you!

Answer 2

The right answer is A)government loans gave the oil industry a second chance to boom.

In 1973, the first oil shock occurred, and the deficit in the supply of this product in the American government caused an intervention and they fomented the economy so that it could survive the crisis that was instated. Texas petroleum became an improvised exit for this issue.