noah2499 noah2499
  • 30-04-2020
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Why did OPEC increase oil prices in 1973?

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rosa6528
rosa6528 rosa6528
  • 30-04-2020

Answer:

By 1973, OPEC had demanded that foreign oil corporations increase prices and cede greater shares of revenue to their local subsidiaries. ... The price of oil per barrel first doubled, then quadrupled, imposing skyrocketing costs on consumers and structural challenges to the stability of whole national economies.

Explanation:

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1047895 1047895
  • 09-06-2021

Answer:

To pressure the United States not to support Israel.

Explanation:

APE.X.

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