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.