Oil Incentive Defended as Security Aid

This Washington Post article from 1972 examines a tax incentive given to oil companies and justified before Congress for its national security benefits, though it was criticized for raising prices for consumers. This occurs the year before the disastrous OPEC oil embargo. How do you think the OPEC embargo shifted the debate on tax incentives and quotas?

"Oil Incentive Defended as Security Aid," The Washington Post, January 13th, 1971.
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