go through a few stories about oil prices here.

说几个关于油价的故事
This was a period when oil was generally very stable.

这段时间内油价相对来说十分稳定
In the post World War II period,

在二战后期
there was a Texas Railroad Commission

成立的德州铁路委员会
that was stabilizing oil prices.

旨在平稳油价
At that time, the U.S. was not a big importer of oil;

那时候美国并不是一个原油进口大国
we had our own oil supply and we tended to--

我们有自己的原油供给而且当时
we had sort of a monopoly that tried to stabilize the price

为了稳定价格当时可以说算是垄断
and they were pretty successful for this long time period.

在那段日子里这措施算是比较成功
The huge shock came--and this is called the first oil shock--

之后危机发生了通常称为第一次石油危机
and that was in 1973-74.

发生在1973到1974年
Oil went up; it more than doubled--

油价飙升翻了两倍多