Hi, imagine that you are arguing for the Oil industry, and you are standing in a position that believes Oil is necessary for the world. I want you to examine the historical and economic impacts of the Oil crisis in history; refers to 1973, 1978, and 1990 Oil Crisis. (you can refer to all of them but not necessary) So all the impacts have to be negative to the world. If you like, you may also talk about the bad consequences of increasing regulations, such as increasing the cost will bring financial burden to customers.
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