"Analyst: Obama Would Be A Nightmare For Defense Programs, Firms"

On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Incidentally, since the Carter administration started January 20,
1977, how did an assertion by that administration cause shortages in
1976?

And don't forget his 55 MPH national speed limit to save us oil.

The 55 mph speed limit started in 1974, during Nixon's administration.

Mark Sieving wrote:
On Thu, 24 Apr 2008 12:05:25 GMT, Ed Rasimus
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Incidentally, since the Carter administration started January 20,
1977, how did an assertion by that administration cause shortages in
1976?

And don't forget his 55 MPH national speed limit to save us oil.

The 55 mph speed limit started in 1974, during Nixon's administration.

No kidding. Professor Ed's knowledge of history matches his skill at
economic analysis. Maybe next he'll accuse Jane Fonda of imposing wage
and price controls in August of 1971.

Typical crackpot blather.

Cheers

==bob

On Thu, 24 Apr 2008 07:54:26 -0500, Mark Sieving
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Actually, I recall it as "twenty-five years".

It was much cited around here, where Onassis wanted to build an oil
refinery. No point, went the argument; there would be no oil left in
twenty-five years.

It was the conventional wisdom, and it remains the conventional
wisdom, though it's phrased a bit more intelligently now.

So Ed in my judgment was a year off, and the shortage of course wasn't
caused by the assertion but by the gas rationing.

You can ration by administrative fiat, as Carter did, or you can
ration by price, as Reagan did. Price works better. My heart really
bleeds when I see those TV film clips about the suffering American
middle class paying $100 to fill up its SUV. I bought my first new car
in 1962. It was a VW Beetle that got 30 mpg. (Yeah, yeah, dangerous as
hell. I get the sweats when I look at a Beetle today and recall that I
drove that thing twice across the country.) I've always had
fuel-efficient cars, and while I don't particularly care to spend
$3.50 a gallon, I'll pay it if that's what it takes to clear the
market.


Blue skies! -- Dan Ford

Claire Chennault and His American Volunteers, 1941-1942
new from HarperCollins www.FlyingTigersBook.com

On Sat, 26 Apr 2008 06:56:22 -0400, Cubdriver usenet AT danford DOT
net wrote:

On Thu, 24 Apr 2008 07:54:26 -0500, Mark Sieving
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Actually, I recall it as "twenty-five years".

It was much cited around here, where Onassis wanted to build an oil
refinery. No point, went the argument; there would be no oil left in
twenty-five years.

But who in the Carter administration said this, when, and in what
context?

In Mark Sieving
wrote:

On Sat, 26 Apr 2008 06:56:22 -0400, Cubdriver usenet AT danford DOT
net wrote:

On Thu, 24 Apr 2008 07:54:26 -0500, Mark Sieving
wrote:

You might recall that the oil shortages of 1976 were caused by the
Carter administration assertion that we would be out of oil by 2000.

Can't say that I do. Do you have a cite for that assertion?

Actually, I recall it as "twenty-five years".

It was much cited around here, where Onassis wanted to build an oil
refinery. No point, went the argument; there would be no oil left in
twenty-five years.

But who in the Carter administration said this, when, and in what
context?

You'll have to ignore for a moment the fact that Carter didn't take
office 'til 1977, so no statement of his administration could have
caused an oil shortage in 1976.

Still:

Jimmy Carter
The Energy Problem: Address to the Nation.
April 18th, 1977

The oil and natural gas that we rely on for 75 percent of our
energy are simply running out. In spite of increased effort,
domestic production has been dropping steadily at about 6
percent a year. Imports have doubled in the last 5 years. Our
Nation's economic and political independence is becoming
increasingly vulnerable. Unless profound changes are made to
lower oil consumption, we now believe that early in the 1980's
the world will be demanding more oil than it can produce.

http://www.presidency.ucsb.edu/ws/print.php?pid=7369


--
Bert Hyman St. Paul, MN

On 26 Apr 2008 17:53:03 GMT, Bert Hyman wrote:

Jimmy Carter
The Energy Problem: Address to the Nation.
April 18th, 1977

Thanks.