How did the 1974 Arab oil embargo affect South Carolina and the nation?

(1 point)
Responses

The United States began drilling for oil in Alaska.
The United States began drilling for oil in Alaska.

Many homeowners converted from oil to electric or natural gas heat.
Many homeowners converted from oil to electric or natural gas heat.

The United States stopped buying oil from the Middle East, and the Middle East stopped buying South Carolina’s products.
The United States stopped buying oil from the Middle East, and the Middle East stopped buying South Carolina’s products.

The price of oil throughout the world declined as nations positioned themselves to draw business away from the Middle East.
The price of oil throughout the world declined as nations positioned themselves to draw business away from the Middle East.

Overall, the 1974 Arab oil embargo had significant implications for South Carolina and the nation as a whole. The United States began drilling for oil in Alaska to reduce its dependence on Middle Eastern oil. Many homeowners in South Carolina and across the country converted from oil to electric or natural gas heat to lessen their reliance on imported oil. The embargo also resulted in the United States stopping buying oil from the Middle East, which in turn led to the Middle East halting the purchase of South Carolina's products. Additionally, the global price of oil declined as nations sought to diversify their oil sources away from the Middle East.

please chose a answer i gave you

The United States began drilling for oil in Alaska.