'How Did the Gasoline Shortage of the Era Differ from the Energy Crisis of Our Time\r'

'In 1973, the United States was put under an OPEC embargo for political reasons. Middle east members of OPEC wished to protest American involvement in an ongoing conflict with Israel, and these nations struck the United States where it hurt, depriving them of oil in 1973 and again in 1977. About 60 part of the oil that Americans consumed in the 1970s was produced at home, and bad reserves remained under native ground. But bulky quantities of crude were imported, and in October 1973, Americans discovered how little reserve they had over the 40 percent of their oil that came from abroad. 810) Since 2003, a rise in prices caused by continued globular increases in petroleum demand together with occupation stagnation, the falling value of the U. S. dollar, and a numerous of some other lesser causes. Fortunately, today we nurturen’t seen the raise rationing of the 1970’s. â€Å"We remember when the phrase ‘sound as a dollar’ was an expression of absol ute dependability, until… pomposity began to shrink our dollar and our savings. We believed that our Nations resources were limitless until… we had to face a growing dependence on foreign oil,” open up Carter, 1979.\r\nIn his â€Å"Malaise Speech,” President Carter described American disappointment with government and a â€Å"crisis of confidence” in the ability of the nation’s leaders to create together to build a stronger America. You only have to open the newspaper today to note a comparable type of malaise caused by the general perception that government is either unwilling or incapable of helping its people. In households across America, the frontier politician has become synonymous with power, self- interest, and ineffectiveness.\r\n'