What were the effects of the arab opec oil embargo on the united states?

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asked Apr 7, 2018 183k views

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Smftr · Answer 1 · 2018-04-14T10:52:21+0000

The effects of the embargo were immediate. OPEC forced oil companies to increase payments drastically. The price of oil quadrupled by 1974 to nearly US$12 per barrel (75 US$/m3)

What were the effects of the arab opec oil embargo on the united states?

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