> No other subsequent oil crises had the same disastrous effect, because the mar... | Hacker News

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gwd on Nov 3, 2020 | parent | context | favorite | on: eBay removing Raspberry Pi listings as they “encou...

> No other subsequent oil crises had the same disastrous effect, because the market was allowed to solve the problem.

How much was the market, and how much was the government?

https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(U...

nickpp on Nov 4, 2020 [–]

I don’t know, but it looks to me that through that Reserve even the government understood that price controls don’t work and tried to solve the problem working with the market rather than against it.

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