[2 Kool 2 Be 4-Gotten]

Actually, nothing could be further from the truth. My dad was an investigator for the Federal Trade Commission during the "oil embargo" of the 80s. He was assigned to find out what was really going on and what he discovered will shock you. He found oil storage tanks full to over flowing while people waited in long lines to buy their 10 gallons of gas. He discovered oil tankers loaded to the gunwales with oil parked just over the horizon where they couldn't be seen, because there was no place to put the oil.

Draw your own conclusions.

---

My conclusion is that the govt instituted price controls so it didn't make economic sense to sell the oil at artificially low prices. I.E. price controls == shortages. Macroeconomics 101.

[DustyMoment]

My conclusion is that the govt instituted price controls so it didn't make economic sense to sell the oil at artificially low prices. I.E. price controls == shortages. Macroeconomics 101.

Ok, suppose I agree that the government implemented price controls. If I believe that, I have to wonder why the Federal Trade Commission, an agency that is an integral part of the very sam government that implemented the price controls, sent my father to investigate the cause of the alleged "oil shortages". Also, with NO SUBSTANTIAL CHANGE IN PUMP PRICES, the oil "shortage" mysteriously ended after approximately 4 - 6 months.

National Enquirer advertising slogan.