Arab countries cut off shipments of oil to the united states because the u.s. supported israel during an arab-israeli war. the crisis that followed resulted in the energy policy of which james d. watkins spoke. true or false..

That statement is True

Many of the western civilization relied on the middle-east as the source of their oil import
If a country is cut off by the middle-east, that country very likely to experience energy crisis

hope this helps

The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production.