The 1970s energy crisis saw oil prices go up more than twelvefold and motorists lining up for gas. But that disaster was the result of a collapsing dollar. There was no shortage of oil. Those lines were created by government-imposed price controls. When the controls were lifted, the lines disappeared. When the dollar was stabilized, oil prices plummeted.
Today, by contrast, there is an ominous paucity of available petroleum. For example, contrary to public impression, OPEC has virtually no spare capacity.Pray for a warm winter!
SteveForbesCEO I voted for him once and I would do it again. I love Steve Forbes.
SteveForbesCEO Respect to Steve but if the Trump voters just stop driving gas prices will go down, there guy bankrupted 70% of the downstream oil companies after all
SteveForbesCEO ❤️
SteveForbesCEO Capitalism Working Fine For Oil Industry, Stock's SteveForbesCEO
SteveForbesCEO Capitalism Working Fine For Oil Industry, Stock's SteveForbesCEO
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