Yes, the commodities market. In 2013, the US exported more oil than it imported, so if there is some kind of shortage we can cut off exports. But the truth is, with the exception of WWII we've never had a shortage.
There was no OPEC embargo? Did Jimmy Carter make that up?
Slick Jimmy?
The OPEC embargo was real, an actual shortage wasn't. You don't remember the slap on the hand oil companies received during the first few years of Reagan? Fines that were no more than lunch money, and the biggie, 'you can't spend the ill gotten gains, but you can invest them.'
I'll bet you didn't know that Chevron was in the home building business either. It was a great form of investing.
Do a Google search for: Chevron land and development company inc. and take a look at what year they started the company.