Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: gleeaikin

OPEC had NOTHING to do with the fuel shortages during the Carter fiasco. It was caused by Carter imposing a windfall profits tax on imported and domestic oil. The Oil companies could no longer produce oil at a profit, so they shut down production to keep from going bankrupt. (And several companies did anyway.)


51 posted on 12/30/2010 4:41:20 AM PST by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
[ Post Reply | Private Reply | To 32 | View Replies ]


To: PSYCHO-FREEP

I hate Carter. But anybody who defends OPEC is either in the petroleum business, an Arab, or needs a reality check.


89 posted on 12/31/2010 4:47:12 AM PST by ZULU (No nation which tried to tolerate Islam escaped Islamization.)
[ Post Reply | Private Reply | To 51 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson