Forum Discussion
time2roll
Oct 16, 2013Nomad
The shortage in 1974 was more due to Nixon taking us off the gold standard. Dollar fell in value and OPEC simply wanted the same value which was a higher price to America. Nixon also gave us price fixing to control the resulting inflation. There was no shortage of oil... just a shortage of oil available within the fixed price.
I like the idea of saving our oil for emergency military needs. However right now IMO our military is burning a lot of oil to keep the oil trade flowing. If we imported less (or none) then the military could reduce consumption.
I like the idea of saving our oil for emergency military needs. However right now IMO our military is burning a lot of oil to keep the oil trade flowing. If we imported less (or none) then the military could reduce consumption.
About RV Tips & Tricks
Looking for advice before your next adventure? Look no further.25,199 PostsLatest Activity: Apr 15, 2020