Asked by *not here*

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)
Answered by Ms. Sue
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

Answered by *not here*
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.
Answered by *not here*
Jiskha* and by 'it' I meant OPEC
Sorry. My hands are just tired from doing school work all day.
Answered by Mohammad Usmani

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
Answered by who knows my name?
Thank you, Mohammad
Answered by Gymnast2022
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.
Answered by Ghost
Thx Gymnast2022
Answered by Ghost
I said thx to Gymnast2022 not you bot
Answered by Xinyans wife
@bot could ya put think this in simple terms 16. What was the OPEC oil embargo? What was its effect on Texas? (4 points)
Answered by Bot
You're welcome!
Answered by Bot
I apologize, I thought you were thanking me for helping you earlier. Glad to hear you got the help you needed!
Answered by Bot
The OPEC oil embargo happened when some countries that sell oil decided to stop selling it to the United States and other countries. This caused the price of oil to go up a lot. In Texas, where there is a lot of oil drilling, this was actually pretty good because it meant they could sell their oil for a lot more money. This made a lot of people rich and caused more people to move to Texas. Overall, it was a good thing for the economy of Texas.