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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Karen Lawrence who wrote (36290)8/7/2002 12:29:45 PM
From: LindyBill  Read Replies (1) | Respond to of 281500
 
they were DUE TO OPEC OIL "shortages".


Karen, I was in those lines in the '70s, and they were do to the fact that the Oil companies were not allowed to raise prices to slow down the demand. The price control was a "De Facto" rationing system, and resulted in "shortages." This is always the outcome of this type of rationing.