Advancements in oil technology after world war ii affected the oil industry by i. providing opportunities to drill in new areas ii. allowing for deeper drilling iii. restricting the ability to discover new oil a. i only b. i and iii only c. ii and iii only d. i and ii only

The correct answer is D) i and ii.

Advancements in oil technology after World War II affected the oil industry by providing opportunities to drill in new areas and allowing for deeper drilling.

During and after the wartime, big corporations became cartels producing oil. They were known as the Seven Sisters and they were Mobil, Texaco, Exxon Royal Dutch Shell, Chevron, Gulf, and Chevron. new investments in this time allowed new technology to drill in new and deeper areas. By the 1960s, countries in the Middle East such as Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela in South America,  formed the Organization of Petroleum Exporting Companies (OPEC) to counterattack the power of the Seven Sisters.