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15 Disturbing Truths About The 1970s Energy Crisis

13. Profits and Price Gouging Amid Crisis

13. Profits and Price Gouging Amid Crisis
1970s energy crisis: corporate profit exploitation sparked public outrage and calls for regulation.

During the 1970s energy crisis, some oil companies and gas stations capitalized on the situation by raising prices or withholding supply, leading to significant windfall profits. This behavior intensified public anger and prompted congressional investigations into potential price gouging and market manipulation. These actions underscored the need for regulatory oversight to prevent exploitation during national emergencies. (theatlantic.com)

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