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Question 3 (1 point)
Which effect did the oil embargo of 1973 have on the oil industry in Texas?
It forced Texas oil companies to reduce production.
It brought down the price of oil and devastated the industry,
It prevented Texas oil companies from selling overseas.
It created a need for oil companies to hire more workers.

Respuesta :

etaimouri

Answer:

D. It created a need for oil companies to hire more workers.

Explanation:

I took the test :)

The oil embargo of 1973 negatively affects the texas by drop-down of prices of oil and devastating the industry.

What do you mean by an industry?

The industry refers to the group of organizations that produce goods and services.

The oil embargo has increased Texas oil production. Due to an increase in production, oil prices dropped down and it faced hard economic times.

The oil embargo had a disastrous impact on the American economy.

Learn more about Industry here:

https://brainly.com/question/7721379

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