It’s a Gas! Got $$$$$$$$$???? Here we go again….

Posted by on May 7, 2008

(NOTE: Missed post yesterday…yikes…sorry…will try to do better.)

(Note to self: Do not sleep!)

On to the article……

I was getting gas yesterday and noticed that once again the price is going up. Now whether this is due to demand or simple speculation is beyond me. All my sources seem to indicate that there is plenty, and that speculators are simply driving up the price. Who knows? It’s hard to say, but whatever the conditions, it doesn’t seem to be as bad as it was with the earlier gas crunches that were prevalent in the United States in the 1970’s. Here we see some scenes from that era:

Dude lost his car, but check out the station wagon:

(1)

Even-Odd days:

(2)

At least we can still BUY gas:

(3)

Have you seen this lately:

(4)

The crisis that shook America in the seventies, both in ’73 and ’79 were due to political and economic maneuvering by both governments and cartels, that is OPEC and others, due to the growing turmoil and dependence on the Middle East.  In the long run, perhaps it’s been for the best, as it prodded manufacturers and producers to become more efficient as well as changing the face of the automobile industry.

I’ve assembled some great links today that will give you some background about the crunch in the seventies, mostly the ’73 embargo. Take a look if you have a moment…and besides the gas stuff, check out the clothing and the hairstyles. Groovy stuff!

Have a great day, see you tomorrow!

Links:

Wikipedia: Gas Crisis of ’73

’73 Embargo Anniversary?

External site: Energy Crisis!

(book)Energy Technology Choices

Time Archives: Embargo Background

Sources:

(1-4) Nara

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