
Peter Van Doren on Energy Independence
The Great Antidote
The Middle East Oil Embargo
Conventional wisdom is that the middle eastern nations wield an oil weapon. In support of this belief, many people point to the 73 oil embargo. The miserable, mile long lines outside us resulted from domestic price controls and allocation,. not from any embargo. We ought not to blame the arabs for what we did to ourselves. And so it was the embargo against the united states. Never happened and could not happen.
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