The oil import quota system in place from 1959 to 1973 restricted imports to an amount equal to the difference between the federal government's estimate of domestic oil demand and the estimate of domestic oil supply.
Politicized Implementation of U.s. Oil Import…
The oil import quota system in place from 1959 to 1973 restricted imports to an amount equal to the difference between the federal government's estimate of domestic oil demand and the estimate of domestic oil supply.