Section A
Directions: In this section, there is a short passage with 5 questions or incomplete statements. Read the passage carefully. Then answer the questions or complete the statements in the fewest possible words. Please write your answers on Answer Sheet 2.
Questions 47 to 51 are based on the following passage.
Oil is the substance that lubricates the worlds economy. Because so many of our modern technologies and services depend on oil, nations, corporations, and institutions that control the trade in oil exercise extraordinary power. The energy crisis of 1973-1974 in the United States demonstrated how the price of oil can affect U.S. government policies and the energy-using habits of the nation.
By 1973, domestic U.S. sources of oil. were peaking, and the nation was importing more of its oil, depending on a constant flow from abroad to keep cars on the road and machines running. In addition, at that time a greater percentage of homes and electrical plants were run on petroleum than today. Then, in 1973,the predominantly Arab nations of the Organization of Petroleum Exporting Countries resolved to stop selling oil to the United States. The move was prompted by OPECs desire to raise prices by restricting supply and by its opposition to U.S. support of Israel in the Arab-Israeli Yom Kippur War. The embargo created panic in the West and caused oil prices to shoot up. Short-term oil shortages drove American consumers to wait in long lines at gas pumps.
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