Problem
1. How did governmental policy to keep energy-company profits and prices down during the 1960s and 1970s influence our demand for energy and our vulnerability to political pressures from OPEC in 1980?
2. Do you think the whale oil crisis of the early 1800s really has any lessons for us now? Why or why not?
3. How could one go about measuring the scarcity of oil in 1955 relative to its scarcity now? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.