A Revised Demonology

Chapman, Stephen
July 1979
New Republic;7/21/79-7/28/79, Vol. 181 Issue 3/4, p12
Comments on the role of oil companies in the creation of the gasoline shortage in the United States. Belief of most Americans that the shortage has somehow been created by the oil companies to force up prices and thus extract still larger profits; Percentage gains reported by the oil companies; Suspicion and criticism of oil companies since the 1973 Arab oil embargo, which caused fuel shortages and sent oil company profits soaring; Effect of the gasoline shortage on prices; Argument that oil companies are not evil incarnate, and that they did not create the energy crisis; Author's view that the interests of oil companies in the issue are different from those of society as a whole.


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