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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 19, 1973
Page
27
Arch Booth, president of the Chamber of Commerce, argues that conspiracy theories surface when economic problems arise. He notes some truth to the claim but says most issues stem from supply and demand dynamics.
The author argues that a corporate conspiracy to restrain oil supply is unlikely due to practical risks and legal penalties. Without solid evidence, public suspicions are better explained by demand shifts and corporate self interest rather than a coordinated scheme.
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