Is the Energy Crisis Real?
This war was started by Syria and Egypt. They launched an attack on Israeli territories taken in the Six Day War in 1967. Because Richard Nixon imposed price controls on domestic oil the American people had to wait in lines to buy gasoline. It lasted until March of 1974 when secretary of state Henry Kissinger negotiated the pullback of Israeli troops from the Sinai and Golan Heights. This was more an Oil Crisis than anything else but it did cause the stock market to crash for the first time since the Great Depression. It was about OPEC increasing prices and decreasing the oil supply to reach their political agenda. It worked to the point that it had a lingering effect on our economy.
The 1979 Energy Crisis started when the Shaw of Iran left his country allowing the Ayatollah Khomeini to gain control.In 1980 Iraq invaded Iran and the oil production in both countries was brought almost to a standstill. This caused OPEC to lose unity resulting in a 46% drop in oil prices by 1986, but before all of this president Jimmy Carter (1979) began deregulating oil prices causing crude oil to go from $15.85 per barrel to $39.50 per barrel.
Once again we were in long lines waiting for gas. From the start of this century we have seen oil prices go from $25 per barrel to $147.30 in 2008. It is debatable whether any of our presidents have the country's best interest at heart but the results do not lie.
These have been called energy crisis' when in reality they were just political agendas gone wrong.
The latest price increases according to a report by the US Department of Energy are a result of dwindling oil reserves. Here are some other reasons given in the report. The fact is we do have a Global Energy Crisis but not for the reasons the powers to be want us to believe!
What I'm saying here is that any excuse will do. At least it will as long as we let it. The way I see it we have a few directions in which we can go.Easier ways to secure grant money for individuals with energy saving inventions. (not just for corporations with the resources to write the proposals). This gives the small business man a fighting chance. As long as large corporations swallow up these great ideas we can not move forward. It is time to protect the ones whose only agenda is not to maximize profits. I myself would much rather buy from the man working to feed his family than the company looking to buy their next Corporate Jet.
Care to share your experience?Were you there in line waiting? How did it make you feel? Share it!
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