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Title: I put a hundred bucks in my truck today
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Published: May 3, 2012
Author: A K A Stone
Post Date: 2012-05-03 21:15:34 by A K A Stone
Keywords: None
Views: 6410
Comments: 13
I put a hundred bucks in my truck today. What about you?
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#2. To: A K A Stone (#0)
You're lucky to get it. Back in the old days we used to sit in gas lines listening to Jimmiah Carter speeches until we ran out of gas, but only on odd or even days. I spend $250-300 when I get gas, but I have a few cans.
I remember the 1973 gas crisis too. But Nixon then Ford were the ones in power in this period. Not Jimmy.
Carter's malaise speech was the worst is the history of the world, and instantly destroyed the economy. Many country singers got rich off of songs about what an asshole he is. Then Ronald Regan ripped the solar panels off of the White House roof, the Shining City On The Hill appeared, and the nation was healed. The oil crisis had mixed effects in the United States, due to some parts of the country being oil-producing regions and other parts being oil-consuming regions. Richard Nixon had imposed price controls on domestic oil, and the resulting shortages caused gas lines during the 1973 Oil Crisis. Gasoline controls were repealed, but controls on domestic US oil remained. The Jimmy Carter administration began a phased deregulation of oil prices on April 5, 1979, when the average price of crude oil was US$15.85 per barrel (42 US gallons (160 L)). Starting with the Iranian revolution, the price of crude oil rose to $39.50 per barrel over the next 12 months (its all time highest real price until March 7, 2008.)[8] Deregulating domestic oil price controls allowed domestic U.S. oil output to rise sharply from the large Prudhoe Bay fields, while oil imports fell sharply. Due to memories of oil shortage in 1973, motorists soon began panic buying, and long lines appeared at gas stations, as they had six years earlier during the 1973 oil crisis.[9] As the average vehicle of the time consumed between two to three liters (about 0.5-0.8 gallons) of gasoline (petrol) an hour while idling, it was estimated that Americans wasted up to 150,000 barrels (24,000 m3) of oil per day idling their engines in the lines at gas stations.[10] During the period, many people believed the oil companies artificially created oil shortages to drive up prices, rather than factors beyond human control or the US' own price controls. The amount of oil sold in the United States in 1979 was only 3.5 percent less than the record set for oil sold the year previously.[11] Many politicians proposed gas rationing; one such proponent was Harry Hughes, Governor of Maryland, who proposed odd-even rationing (only people with an odd-numbered license plate could purchase gas on an odd-numbered day), as was used during the 1973 Oil Crisis. Several states actually implemented odd-even gas rationing, including Pennsylvania, New York, New Jersey, and Texas. Coupons for gasoline rationing were printed but were never actually used during the 1979 crisis.[12] On July 15, 1979, President Jimmy Carter outlined his plans to reduce oil imports and improve energy efficiency in his "Crisis of Confidence" speech (sometimes known as the "malaise" speech).[13] It is often said that during the speech, Carter wore a cardigan (he actually wore a blue suit) [14] and encouraged citizens to do what they could to reduce their use of energy. He had already installed solar hot water panels on the roof of the White House and a wood-burning stove in the living quarters. However, the panels were removed in 1986, reportedly for roof maintenance, during the administration of his successor, Ronald Reagan.[15] Carter's speech argued the oil crisis was "the moral equivalent of war". Several months later, in January 1980, Carter issued the Carter Doctrine, which declared that any interference with U.S. oil interests in the Persian Gulf would be considered an attack on the vital interests of the United States.[16] Additionally, as part of his administration's efforts at deregulation, Carter proposed removing price controls that had been imposed in the administration of Richard Nixon before the 1973 crisis. Carter agreed to remove price controls in phases; they were finally dismantled in 1981 under Reagan.[17] Carter also said he would impose a windfall profit tax on oil companies.[18] While the regulated price of domestic oil was kept to $6 a barrel, the world market price was $30.[18]
I never experienced any gas shortage in 1979. Of course I was a buck sergeant in the 82nd Airborne Division and perhaps Fayetteville/Ft. Bragg/Spring Lake was better off then other places. But it never made an impact on me. Come September 1979 I had ETSed and drove back home to Oregon. I voted to re-elect President Carter that election, and he was the better choice in 1980.
#8. To: Ferret Mike, hondo68 (#5)
I never experienced any gas shortage in 1979. Of course I was a buck sergeant in the 82nd Airborne Division and perhaps Fayetteville/Ft. Bragg/Spring Lake was better off then other places. But it never made an impact on me. Come September 1979 I had ETSed and drove back home to Oregon. I voted to re-elect President Carter that election, and he was the better choice in 1980. The gas shortages were in 1973-1974 during the Arab Oil Embargo. Squarely during the presidency of Nixon, no matter how spinner wants to spin it. During 1979 in Northern California prices were going up but there were few shortages, and virtually no gas lines except at those having gas wars.
Top • Page Up • Full Thread • Page Down • Bottom/LatestWhat about you?
#3. To: hondo68 (#2)
#4. To: Ferret Mike, *Ron Paul for President* (#3)
Ron Paul and Ronald Reagan laughing at Carter's stupidity 
#5. To: hondo68 (#4)
Replies to Comment # 5. 8
End Trace Mode for Comment # 5.
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