AHC WI higher oil prices 1945-70

The British embargoed Iran's oil, that had no major impact on world prices. . .
I’m envisioning other countries learn from Iran’s example.

And then, corporations sometimes overreact to market nudges. Maybe more efforts on conservation when it doesn’t really make sense in an age of cheap oil . . . justified as better engineering anyway?
 

kernals12

Banned
I’m envisioning other countries learn from Iran’s example.

And then, corporations sometimes overreact to market nudges. Maybe more efforts on conservation when it doesn’t really make sense in an age of cheap oil . . . justified as better engineering anyway?
As was found out in the 1980s, you can't hold the price of oil above market level indefinitely
 
All you would do is drive investment in non-traditional oil markets (Canada, Venezuela, Nigeria) until the price falls.

A major Middle Eastern war might cause a temporary jump in prices, but unless it sees the collapse of governments it's unlikely to last more than a few years.
 
Yes it did you had a harder time finding a new car with a 440 in it and older cars like the Supper bird ended up on blocks in you Grand Dads Grange .

High insurance costs were rapidly putting the big block high HP coupes out of reach of the younger drivers, and the new emission control laws that killed performance is what ended the muscle car era,not the gas prices(that didn't rise in '73 due to price controls)

Granddad? I was daily driving my Merc Marquis Hardtop, similar to this
2.jpg
with the 429 Police Interceptor options till '96? or so when I sold it
 
Has anyone got a link to what was found and where in this period?

What was estimation of oil field size like in this period?
 

Wallet

Banned
At the end of WW2, the US was pumping more oil than the rest of the world combine. There’s a reason gas was only pennies a gallon for the next few decades.

The post war economic boom was fueled by a lot of things. Cheap gas, huge manufacturing increase from the war, union membership at peak levels, heavy financial regulations, GI Bill, baby boom, foreign competition being destroyed etc.
 
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