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While the show’s creators have not explicitly stated the true story behind “Liquid Gold,” research suggests that the episode may be inspired by the real-life events surrounding the 1970s oil embargo.

The episode “Liquid Gold” from season 2 of “Based on a True Story” is a captivating blend of fact and fiction. While the show’s creators have taken creative liberties with the storyline, it’s likely that the episode was inspired by the real-life events of the 1970s oil embargo. Based.on.a.true.story.s02e01.liquid.gold.720p.j...

As a result, many Americans turned to alternative energy sources, including heating oil and other petroleum products. The shortage created a lucrative black market for oil, with some entrepreneurs making fortunes by smuggling and selling oil on the black market. While the show’s creators have not explicitly stated