Energy crisis Essay

This essay has a total of 469 words and 3 pages.

energy crisis



Energy Crisis
Late in the autumn of 1973, energy (or the lack of it) grabbed headlines like never
before. It was not until the war between the Arab countries and Israel that the United
States noticed a sharp decrease in our oil supplies. This was due to the fact that we -
the U.S. - were supplying aids and weapons to Israel. Arab, who produced the majority of
the worlds oil, decided to punish us by cutting off our oil shipments.

In November of the same year, President Nixon appeared on live television to inform the
United States public about the crisis. He informed the people they were going to have
the most crucial energy shortage since World War II.

In order to conserve energy there were a few emergency polies being enforced. These new
rules were said to help everyone get through the shortage, but they ended up having the
opposite effect. A few of the policies included lowering highway speed limits to 55 miles
per hour in hopes of saving gasoline. Also, factories worked shorter shifts and air
travel time was cut by about 10 percent.

During this time, children were effected a lot. Nixon ordered that clocks were not to be
turned back an hour late as they usually were in October. Instead, the U.S. was to stay
Continues for 2 more pages >>




  • Entrepreneurial Adventure
    Entrepreneurial Adventure Entrepreneurial Adventure: The Development of Economics in The United States “Capitalism came in the first ships.” -Carl N. Degler Barit Brown United States History Saturday, March 18, 2000 4,753 words The United States was a nation of development. It was a nation of growth and of innovation. From the signing of the Declaration of Independence, to the end of World War II and so forth, complex dilemmas called for complex solutions and complex solutions called for innovat
  • Intrnational MKT research Canada
    Intrnational MKT research Canada TABLE OF CONTENTS Preface Introduction Canada -- USA\'s Largest Trading Partner NAFTA Introduction Exporting Guidelines Incentives Customs Contacts Trade Contacts Company Specific -- Massasoit Machine, Inc. Manufacturers\' Representative Recommendations Appendices A Country Data B Canadian Domestic Economy C Canadian Trade Statistics D Canada - New England Trade Summary, 1997 E NAFTA: A Partnership at Work F (SIC-3081) - Machine Shop Industry G List of Major Indu
  • Privatization
    privatization Privatization What is Privatization? Privatization is the process of transferring productive operations and assets from the public sector to the private sector. Broadly defined in this fashion, privatization is much more than selling an enterprise to the highest bidder, as it includes contracting out, leasing, private sector financing of infrastructure projects, liquidation, mass privatization, etc. My testimony will argue that there is no single "best" approach to privatization; t
  • Zero Inflation
    Zero Inflation Introduction Hyper inflation has plagued most of the world’s developing countries over the past decades. Countries in the industrialised world, too, have at times duelled with dangerously high inflation rates in the post WWII era. With varying degrees of success, all have employed great efforts to bring their inflation rates within acceptable limits. Generally, a moderate rate of inflation has been the ultimate goal. More recently, however, a few countries have pursued policies th
  • Web advertising
    web advertising web advertising Web Advertising Web advertising, not to mention the Internet itself, finds itself in a stage of relative infancy and therefore provides marketers with novel challenges and situations which need to be dealt with caution . The realm of Web advertising is unchartered terri tory! In terms of South Africa, the country finds itsef somewhat behind technologically. However, this may not prove to be a disadvantage as the uncertain nature of Web advertising may make a polic
  • Automoblie Industry
    Automoblie Industry Mark Geraghty AP Economics Automobile Industry There is no industry more present in the world-wide community than the automobile industry. The automobile has changed the lives, culture, and economy of the people and nations that manufacture and demand them. Ever since the late 1800s when the first “modern” car was invented by Benz and Daimler in Germany, the industry has grown into a billion dollar industry affecting so many aspects of our lives. There are more than 400 milli
  • Chinas Economics
    Chinas Economics Introduction For various reasons, China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse to the world economy. With one-fifth of the world¡¦s population, China is now producing 4% of world merchandise and a proportion of global productio
  • Diminishing returns
    diminishing returns Law of Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the yie
  • Evaluating Inflation
    Evaluating Inflation "Evaluating the Bull Market" Today it is almost impossible to pick up a financial journal without seeing news on the bull market that some consider to be overvalued. Overvalued or fairly valued, only the future will show the truth. Either way, this market is one that has shown greater run ups and returns, than any other market in history. (Reference Appendix #1a) Recently the Dow Jones Industrial Average has reached historical highs and then receded back to previous levels,
  • Future Technology
    Future Technology F U T U R E O F T E C H N O L O G Y Dr.Nenno / Economics Research Paper Turkka Hirvonen May 5 2000 People often think that future is all about flying cars, robots and space travelling. Maybe it will be like that, who knows, but at least until this day the changes haven’t been remarkable. Companies are all the time investing more money on research and development. This indicates that companies and government are interested to achieve and find new technological inventions that wo
  • Intel A Corporation
    Intel A Corporation "A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation."(Watson, p211) While corporations didn\'t exist until the
  • Law of dimihisn returns
    law of dimihisn returns Law of Diminishing Returns The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually run out of steam. The returns will begin to diminish in the long run. If more fertilizer and better machinery are used on an acre of farmland, the
  • Macroeconomic Case Studies
    Macroeconomic Case Studies Economics 001A: Macroeconomics Macroeconomic Case Studies Stephen Rossi Economics 001A: M 6:30-9:15 Slowing the US Economy The article titled \'Fed Unlikely to Alter Course\' by John M. Berry of the Washington Post takes an interesting look at actions that Alan Greenspan his colleges of the Federal Reserve have been taking over the last 9 months to slow the economic growth of United States. The astonishing growth rate of 7.3% is fueled by an economy that is in the mids
  • Nafta
    nafta Mexico and the United States along with Canada have entered into a trilateral free trade agreement called the North American Free Trade Agreement otherwise known as NAFTA. NAFTA has got to be the largest trading agreement in history; the agreement creates a single market of 370 million consumers. The people of NAFTA talk about potential gains from increased free trade between Mexico and the U.S. as the two countries remove tariffs, other trade barriers and restrictions on investment so tha
  • Nafta
    nafta Mexico and the United States along with Canada have entered into a trilateral free trade agreement called the North American Free Trade Agreement otherwise known as NAFTA. NAFTA has got to be the largest trading agreement in history; the agreement creates a single market of 370 million consumers. The people of NAFTA talk about potential gains from increased free trade between Mexico and the U.S. as the two countries remove tariffs, other trade barriers and restrictions on investment so tha
  • NAFTAs Deceit
    NAFTAs Deceit On January 1, 1994, Canada, Mexico and the United States passed the North American Free Trade Agreement (NAFTA). Promoted to Congress by the Clinton administration, with the assurance that it would give rise to more jobs - exactly how many though, is not precisely known. Yet, according to the Journal of Commerce, the U.S. went from having a .5 billion trade surplus with Mexico before NAFTA, to having a massive billion trade deficit today. At the same time, it is estimated tha
  • None1
    none1 Introduction Hyper inflation has plagued most of the world’s developing countries over the past decades. Countries in the industrialised world, too, have at times duelled with dangerously high inflation rates in the post WWII era. With varying degrees of success, all have employed great efforts to bring their inflation rates within acceptable limits. Generally, a moderate rate of inflation has been the ultimate goal. More recently, however, a few countries have pursued policies that strive
  • Pakistan
    Pakistan A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise
  • The European Union
    The European Union The managed exchange rate system deals with trade rate between countries. Managed rates assume that one country sets the monetary policy, takes the exchange rate that is given, and assumes the other country will go along with that rate. The other country then tries to reduce inflation by setting their own exchange rate. The managed exchange rate system slows down exchange-rate movement through the foreign trade market intervention. The whole purpose behind the European Union i
  • Computer Based Training Business Interchange
    Computer Based Training Business Interchange COMPUTER BASED TRAINING (CBT) BUSINESS INTERCHANGE Dallas Baptist University Spring 1999 MISM 6330, Section 01 Database Management Systems Instructor: Mary Braswell, MBA Mary L. Everitt 19 April 1999 Table of Contents Introduction Computer-based training (CBT) is an all-encompassing term used to describe any computer-delivered training including CD-ROM and the World Wide Web. CBT courseware curriculum development involves the use of integrated multime
  • Daniel Defoe
    Daniel Defoe Thesis Statement: Daniel Defoe perfected the art of giving his fiction the appearance of truth, thus making his works come alive and appear to be a matter of personal recollection. I. Introduction II. Early years A. Childhood B. Early ambitions III. Middle Years A. Robinson Crusoe B. Moll Flanders C. A Journal of the Plague Year IV. Later years V. Conclusion Smith 1 A Realistic Liar Daniel Defoe is the founder of the English novel. “ [Defoe]…was one of the germinal minds in politica
  • Makioka Sisters
    Makioka Sisters Megan Guimon Saliba Alternative Calendars 11 January 2000 Change Is The Only Constant With life comes death, with destruction comes rebirth, and with fear often comes understanding and growth. Constant change within our environment surrounds and invades our existence--which too is ever changing, growing, digressing and evolving. Often a sad tone resounds within this acceptance of uncontrolled fluctuation. It is the sad or destructive experiences that one wishes could be controlle
  • Modernism and the Great Gatsby
    Modernism and the Great Gatsby To understand modern literature, one must develop a sense of the structured and ordered lifestyle prior to modern culture. Before the era of modernism, lifestyles were systematically organized through standard traditions. When World War I started, Americans felt the impact of modernism at its strongest with men going off to battle and women working in factories. Lifestyles were beginning to divert from family traditions. People started to abandon their traditional
  • Weed
    weed Marijuana is a relatively harmless drug that governments around the world have made illegal. If legalized, marijuana can be beneficial to society in a number of ways: whether it be for medical, economic, or public safety reasons. Marijuana has been proven to treat several life debilitating, and even life threatening diseases. Although it is not a cure, marijuana can ease the pain and suffering of a dying person. Another benefit of legalization is the financial gains that governments will ac
  • Ecotourism in Latin America
    Ecotourism in Latin America Paradise: Gained or Lost? The word ecotourism has not been around for that many years. However it is a word that has briskly become suitable for hotels and tourist attractions alike. This statement can not be more proper to say pertaining to Latin American countries, primarily Costa Rica, which has a high rate of international tourism. Ecotourism is not a word that everyone understands. It is a term that could have multiple meanings. When it comes down to it, though,
  • Pollution and the Advance of Technology
    Pollution and the Advance of Technology Technology is a major part of everyone\'s life. Everyday we encounter technology at home, school and at work. We use this technology to better our lives. But do we really? With the advancing of technology also comes the issue of polluting the world we live in. We take the automobile for granted, but as we use it, we contribute to the growing pollution problem. Now in the year 2000, car companies have recognized the pollution problem, and have advanced thei
  • Japan
    Japan Japan Table of Contents I. Geography a.) Land b.) Climate c.) Vegetation d.) Population and Culture e.) Natural Resources and Land Usage II. History a.) Post WWII-Present III. Economics IV. Politics and Government V. Military VI. International Relations VII. International Appeal The island of Japan (145,826 sq. mi.) is located in the North Pacific Ocean. It is bounded by on the north by the Sea of Okhotsk, on the east by the Pacific Ocean, on the south by the Pacific Ocean and the East Chi
  • Communist Manifesto All that is solid melts into a
    Communist Manifesto All that is solid melts into air In the Gospel of St. Matthew, chapter 27 A-B, the people are given the traditional release of one prisoner. They have a choice, the just man Jesus Christ and the “notable” prisoner Barabbas. When asked which prisoner should be released the people responded, “Barabbas.” (convinced by the chief priests and elders.) Pontius Pilate asks what punishment he should be given. “They all responded: Let him be crucified.” Disturbed by the obvious injusti
  • Executive Orders
    Executive Orders Orders Issued by President Bill Clinton What are Executive Orders? Executive Orders are official documents, Executive numbered consecutively, through which the President of the United States manages the operations of the Federal Government. Some Executive Orders in the past have created new commissions, councils, task forces and committees; issued and allocated bonds; authorized permit issuance; etc. 40 Executive Orders issued by President Clinton Date Document Titles 1. 2000-12
  • THE RISE OF BIG BUSINESS
    THE RISE OF BIG BUSINESS INTRODUCTION "The Business of the United States is Business," a great man once said. The United States has heralded around the globe for its incredible economic system. The growth of the United States started off small with minor discoveries and inventions, such as oil and electricity, and with those in place emergence of new technologies and innovations came underway. The railroads came about very slowly and became very popular. A man named Henry Bessemer came up with a
  • Conflict between islam and christianity
    conflict between islam and christianity The Conflict Between Christendom And Islam Since Islam came into being, it has clashed numerously with the already established Christianity. Their rivalry has never ceased until today. Modern Examples would be Bosnia and Lebanon. There were not only military clashes but political as well as economical. Although, the rivalry was incredibly intense, ironically, Arabic or Islamic culture managed to severely influence the Christian kingdoms. However, Christian
  • Hero
    Hero Pridi Banomyong Pridi Banomyong was born on May 11, 1900 in Ayudhya, the former capital of Thailand. He was the eldest son of a relatively well to do farming family. Pridi became interested in revolutionaries when he was very young. At the age of 14, he completed his secondary education. Too young to enroll in any institution for higher education, Pridi stayed with his family for an extra two years, helping them in rice farming before darting off to law school in 1917. Pridi was a bright st
  • India Overview
    India Overview A Brief History of India The roots of Indian civilization stretch back in time to pre-recorded history. The earliest human activity in the Indian sub-continent can be traced back to the Early, Middle and Late Stone Ages (400,000-200,000 BC). The first evidence of agricultural settlements on the western plains of the Indus is roughly contemporaneous with similar developments in Egypt, Mesopotamia and Persia. The Indus Valley Civilization This earliest known civilization in India, t
  • Advetising
    advetising Web Advertising Web advertising, not to mention the Internet itself, finds itself in a stage of relative infancy and therefore provides marketers with novel challenges and situations which need to be dealt with caution . The realm of Web advertising is unchartered terri tory! In terms of South Africa, the country finds itsef somewhat behind technologically. However, this may not prove to be a disadvantage as the uncertain nature of Web advertising may make a policy of \'watching and l
  • Austria
    Austria Austria History Thousands of years ago, the great valley of the Danube River was an important pathway for the tribes who came to Europe from the east. Settled in prehistoric times, the central European land that is now Austria was overrun in pre-Roman times by various tribes, including the Celts. Traders also came from the north, carrying goods to trade in Rome and Alexandria. The route from the north and the route from the east crossed at a place in the Danube valley in the region now c
  • Case for legalization
    case for legalization Case for Legalizing Marijuana What Is Marijuana? Marijuana, a drug obtained from dried and crumpled parts of the ubiquitous hemp plant Cannabis sativa (or Cannabis indica). Smoked by rolling in tobacco paper or placing in a pipe. It is also otherwise consumed worldwide by an estimated 200,000,000 persons for pleasure, an escape from reality, or relaxation. Marijuana is known by a variety of names such as if (Morocco), dagga (South Africa), and bhang (India). Common in the U
  • Crude oil report
    crude oil report Crude Oil Crude Oil Farnaz Kermaani Table of Contents The Statistics and History of Crude Oil 4 Crude Oils Economic Theory 6 The Market Place 10 Trading Crude Oil 13 Charting Prices 14 Keeping a Diary 15 Trading positions 17 Trading Positions Chart 18 Summary 19 Bibliography 20 The Statistics and History of Crude Oil A mixture of comparatively volatile liquid hydrocarbons (compounds composed mainly of hydrogen and carbon with some nitrogen, sulfur, and oxygen) that occurs in th
  • Ecomic advances
    ecomic advances X-Apparently-To: aznpyde84@yahoo.com via web3806.mail.yahoo.com Return-Path: *grognard@home.com* X-Track2: 2 X-Track: 1: 40 Received: from ha1.rdc1.nj.home.com (HELO mail.rdc1.nj.home.com) (24.3.128.66) by mta108.mail.yahoo.com with SMTP; 22 Mar 2000 21:53:42 -0000 Received: from home.com ([24.4.248.31]) by mail.rdc1.nj.home.com (InterMail v4.01.01.00 201-229-111) with ESMTP id *20000322215333.UXJI20681.mail.rdc1.nj.home.com@home.com*; Wed, 22 Mar 2000 13:53:33 -0800 Message-ID:
  • ECONOMY OF PAKISTAN
    ECONOMY OF PAKISTAN Pakistan A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country,
  • Gliricidia sepium
    gliricidia sepium GLIRICIDIA SEPIUM Content History Introduction and Description Common Names Chemical Compounds Toxicity Uses and Efficacy History Gliricidia was first used in Mexico to provide shade for cacao plantations. It is from this use that the Aztecs labeled the tree "Madre de Cacao" (Mother of cacao). Later, in the 18th Century, Gliricidia was brought to Sri Lanka to provide shade for coffee plantations. Today, the tree\'s long leafy branches are used to shade vanilla and tea crops as
  • Gliricidiaa sepium
    Gliricidiaa sepium GLIRICIDIA SEPIUM Content History Introduction and Description Common Names Chemical Compounds Toxicity Uses and Efficacy History Gliricidia was first used in Mexico to provide shade for cacao plantations. It is from this use that the Aztecs labeled the tree "Madre de Cacao" (Mother of cacao). Later, in the 18th Century, Gliricidia was brought to Sri Lanka to provide shade for coffee plantations. Today, the tree\'s long leafy branches are used to shade vanilla and tea crops as
  • Impressionism
    Impressionism Impressionism Nisse Clark Period 7 Mr. Macoy Impressionism is defined as the style of painting characterized by concentration on the immediate visual impression produced by a scene. Impressionistic paintings use unmixed primary colors and small strokes in order to stimulate actual reflected light. This method of painting varied greatly from the previous works of art categorized under "realism." Comparatively, realism emphasized the portrayal of modern life as it actually was, witho
  • Intel
    intel A corporation is a business that, although owned by one or more investors, legally has the rights and duties of an individual. Corporations have the right to buy, sell, and own property. Corporations may make legal contracts, hire and fire workers, set prices, and be sued, fined, and taxed. A business must obtain a charter of incorporation from a state legislature or Congress to be legally recognized as a corporation."(Watson, p211) While corporations didn\'t exist until the mid to late 18
  • Intrnational MKT research Canada
    Intrnational MKT research Canada TABLE OF CONTENTS Preface Introduction Canada -- USA\'s Largest Trading Partner NAFTA Introduction Exporting Guidelines Incentives Customs Contacts Trade Contacts Company Specific -- Massasoit Machine, Inc. Manufacturers\' Representative Recommendations Appendices A Country Data B Canadian Domestic Economy C Canadian Trade Statistics D Canada - New England Trade Summary, 1997 E NAFTA: A Partnership at Work F (SIC-3081) - Machine Shop Industry G List of Major Indu
  • Is pokemon evil
    is pokemon evil "Gotta catch \'em all" - Why has Pokémon received such acclaim and criticism The world\'s most common thought systems, the \'-isms\' of the world - conservatism, liberalism, fundamentalism, fascism, etc - are ideologies. Collins dictionary defines Ideology as \'a body of ideas that reflects the beliefs of a nation, political system etc.\'. Yet it is difficult to define the word and the concept of ideology as those that often arise create contradictions. Terry Eagleton highlights
  • John F kennnedy
    John F kennnedy John Fitzgerald Kennedy, (1917-1963), 35th PRESIDENT OF THE UNITED STATES The youngest ever elected to the presidency and the first of the Roman Catholic faith, John F. Kennedy won the ELECTION of November 1960 by a razor-thin margin, but after taking office he received the support of most Americans. They admired his winning personality, his lively family, his intelligence, and his tireless energy, and they respected his courage in time of decision. During his relatively brief te
  • Marriage1
    Marriage1 Despite all the fashionable theories of marriage, the narratives and the feminists, the reasons to engage in marriage largely remain the same. True, there have been role reversals and new stereotypes have cropped up. But the biological, physiological and biochemical facts were less amenable to modern criticisms of culture. Men are still men and women are still women in more than one respect. Men and women marry for the same reasons : The Sexual Dyad – formed due to sexual attraction an
  • Mercantilism
    Mercantilism More sophisticated proponents of the mercantilist doctrine understood that the real wealth of a nation was not its hoard of precious metals, but its ability to produce. They correctly saw that the influx of gold and silver from a favorable trade balance would serve as a stimulus to economic activity generally, thus enabling the state to levy more taxes and gain more revenue. Only a few states that practiced mercantilism, however, understood this principle. Beginnings of Modern Capit
  • Mercantilism
    Mercantilism More sophisticated proponents of the mercantilist doctrine understood that the real wealth of a nation was not its hoard of precious metals, but its ability to produce. They correctly saw that the influx of gold and silver from a favorable trade balance would serve as a stimulus to economic activity generally, thus enabling the state to levy more taxes and gain more revenue. Only a few states that practiced mercantilism, however, understood this principle. Beginnings of Modern Capit
  • My Hero1
    My Hero1 Pridi Banomyong Pridi Banomyong was born on May 11, 1900 in Ayudhya, the former capital of Thailand. He was the eldest son of a relatively well to do farming family. Pridi became interested in revolutionaries when he was very young. At the age of 14, he completed his secondary education. Too young to enroll in any institution for higher education, Pridi stayed with his family for an extra two years, helping them in rice farming before darting off to law school in 1917. Pridi was a brigh