The Oil Industry Strikes Back

The Oil Industry Strikes Back

The availability of supply, having been exposed and reverberated upon by a mass of public skepticism about the energy shortage, has now led the oil industry to say "Okay, if our propaganda doesn't make them believe it, we'll make them believe it."

They can tighten it up. Tankers can be diverted. Late last year, for instance, a huge Texaco tanker sailed out of New Jersey loaded with domestically-refined gasoline for a slow boat trip through the Panama Canal to California. The Eastern coast of the U.S. was starved for gasoline far more than California, but I suppose by the time it reaches California, it will be able to be sold at a far higher price.