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‘Eerie parallel’: Archived stamps reveal Canada was prepared to ration gas in the 1979 oil crisis

Canada considered conserving oil with gasoline rationing stamps in 1979. While it never put the stamps into circulation, economist Peter Tertzakian said the proofs are a reminder that anything can happen in an oil shortage. Turmoil in Iran, a major disruption in world oil markets, and stratospheric gasoline prices in Canada and beyond. What's racking motorists and governments in 2026 also faced them in 1979, sparked by the Iranian Revolution. Back then, the shock to the... [7964 chars]

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