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Politics : Foreign Affairs Discussion Group

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To: Karen Lawrence who wrote (36796)	8/10/2002 3:20:13 AM
From: D. Long	Read Replies (2) of 281500

Here's another link that briefly mentions the price controls. Since there is a frustrating lack of history on the 70's oil crises on the web apparently, we're just gonna have to agree to disagree. I can't make my point, I don't agree with yours, can't drudge up something to support mine. Stalemate. ::sigh:: Derek industryweek.com ------------------------------------------------------------ The event was the 1973-74 Arab oil embargo. It began 25 years ago last month. In the U.S., motorists could buy gasoline only on alternate days [ie. RATIONING - Derek], were forced to wait in lines that often were blocks long, and then paid as much as $4 a gallon in today's dollars. Companies often had to limit -- or even shut down -- production because they couldn't get fuel through the federal government's hastily conceived allocation and price-control system.

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