What was the IPEC oil embargo? How did it affect Texas?
I cant find the answer in my text. Can someone please help? (This is an essay question BTW)
In October 1973, OPEC declared an oil embargo in response to the United States' and Western Europe's support of Israel in the Yom Kippur War of 1973. The result was a rise in oil prices from $3 per barrel to $12 and the commencement of gas rationing. I don't know abt the how did it effect the texas part but here is the first part
It had a big effect on Texas . Drilling increased in the state and millions of tax dollars from oil companies flowed into the state as well. The price of Texas oil tripled which causes oil revenue to increase dramatically in Texas so it was good for Texas. Thousands of people moved to Texas to benefit from the oil economy. Texas increases drilling all across the state.
Ms. Sue your links did not help. I misspelled it in Jishka but not when I tried looking up the answer. The bottom link keeps erroring. I thank you for taking time out of your day to help, but it didn't work.
Jiskha* and by 'it' I meant OPEC
Sorry. My hands are just tired from doing school work all day.
Thank you, Mohammad
I apologize, I thought you were thanking me for helping you earlier. Glad to hear you got the help you needed!
Maybe you can't find it because you've spelled it wrong. It should be OPEC.
https://www.google.com/search?source=hp&ei=WZvwXOy9Nsv8tAWC0aPwCg&q=+IPEC+oil+embargo&oq=+IPEC+oil+embargo&gs_l=psy-ab.12..0i13l10.4384.4384..6229...0.0..0.138.138.0j1......0....2j1..gws-wiz.....0.FB-XMFBgJlc
https://www.dallasnews.com/opinion/commentary/2016/09/30/texas-ingenuity-turned-tables-opec-made-us-energy-powerhouse-slashed-oil-prices