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In the 1970s, several countries in the Middle East decided to pump less oil from their oil wells. Oil is often made into gasoline. What happened to the world's overall supply of gasoline?

Question

In the 1970s, several countries in the Middle East decided to pump less oil from their oil wells. Oil is often made into gasoline. What happened to the world's overall supply of gasoline?

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Solution

The question is asking about the impact of Middle Eastern countries deciding to pump less oil in the 1970s on the world's overall supply of gasoline. Here are the steps to answer this question:

  1. Understand the relationship: Oil is a raw material used to produce gasoline. Therefore, the supply of gasoline is directly related to the supply of oil. If more oil is available, more gasoline can be produced and vice versa.

  2. Apply the situation: In the 1970s, several countries in the Middle East decided to pump less oil. This means that less oil was available for gasoline production.

  3. Draw the conclusion: As a result of these countries pumping less oil, the world's overall supply of gasoline would have decreased. This is because less oil was available to be made into gasoline.

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