OPEC is not our friend. And they might just prove that fact later this week, when the Organization of Petroleum Exporting Countries convenes for its regularly scheduled meeting on Thursday in Vienna. While most Americans will be sitting down to a Thanksgiving feast, OPEC might be serv

Let’s step back and get some historical perspective on the defining mood of the early 1970s and the events that prompted the US ban on exporting our crude oil. The video below is from October 17, 1973. In it, NBC’s John Chancellor reports on OPEC’s plan to cut exports of oil to the US