After the OPEC Oil Embargo of 1973, Western Governments, and Their

question 7

Multiple Choice

After the OPEC oil embargo of 1973, Western governments, and their people, realized that

• A) oil was more important than they had thought.
• B) if and when they wanted to, OPEC members could have their clients over a barrel, economically speaking.
• C) they needed to develop other sources for their oil supplies, or there would be no end in sight for further price hikes.
• D) much smaller countries than their own could be successful.
• E) they needed to develop products that the OPEC countries needed as much as the West needed oil.

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