In 1973 the Organization of Petroleum Exporting Countries Stopped Exporting

question 20

Multiple Choice

In 1973 the Organization of Petroleum Exporting Countries stopped exporting their oil for a time. What effect do you suppose this embargo had on the nuclear power industry?

• A)There was little effect as most experts in the industry knew that the 1973 oil embargo was going to be short-lived.
• B)This embargo boosted the support for building of many new nuclear power plants.
• C)It lowered the price of electricity generated from nuclear power plants, which then held a greater share of the market.
• D)Any positive effect of this embargo could have had on the nuclear power industry was promptly negated by the Chernobyl disaster.