rket, the oil market, these companies can raise prices for consumers and receive massive increases in their profits."To really understand the hardships that happened in the 1970s, and not being around in that time, we can look at the situation we are experiencing today. Although we are not having the shortages, we are still having the problems with inflated oil prices. However, not all things have resulting from the oil embargo have been bad. Cars are being designed to get better gas mileage, and buildings to be more energy efficient."Page 3There have been some economic analysts predicting that oil prices were going to rise like they did again this year, due to the low price of oil last year. Unleaded gasoline prices were down to around a dollar per gallon, and with the surge of gas buying last summer when prices were down, the surplus of oil became a shortage, therefore driving the price up to new levels.The picture of the gas pumps is a small picture, but trying to put the whole picture into three pages of text was a difficult thing to do. For there are many topics that the oil market covers, but can best be summed up as this. Don Roberts was out of gas at his station because the oil manufacturers cheated the oil producers, and when the oil producers finally got together to get back at the manufacturers, they ended up taking their problems out of consumers.Page 5Endnotes...
