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The Oil Lift was complemented by rationing and other demand-restraint measures. Belgium banned private driving on Sundays. France limited sales by oil companies to 70 percent of pre-Suez levels. Britain slapped new taxes on oil, which resulted in higher gasoline and fuel oil prices and led to a hike in London taxi fares that became immortalized as the “Suez sixpence.”
The Prize: The Epic Quest for Oil, Money, and Power
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