The Prize: The Epic Quest for Oil, Money, and Power
Rising prices had what effect on the oil industry? Where did oil companies begin exploring?
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Oil companies began exploring various parts of the world for oil, hoping to ease some of the dependence on Middle Eastern oil. Oil companies began drilling in the North Sea and offshore Europe. Permanent platforms were set up in many areas for oil harvesting. However, as time passed, people realized that drilling in Mexico, Alaska, and the North Sea would only supplement Middle Eastern oil.