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History, 13.05.2021 18:20 lilly198o

How did the OPEC policy in the 1980s impact Louisiana? OPEC tariffs raised the price of American oil, greatly reducing the state’s petroleum exports.

Increased OPEC production lowered prices and pushed Louisiana’s oil economy into decline.

OPEC’s investment in Louisiana natural gas boosted the state’s production to lead the nation.

An OPEC embargo caused prices to skyrocket, bringing huge profits to Louisiana oil companies.

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