By Jay Hakes
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Each American may still learn "A announcement of power Independence: How Freedom from overseas Oil Can increase nationwide safety, Our financial system, and the surroundings" through Jay Hakes.
I think this publication becomes the defining advent to the subject/issue of strength independence.
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Extra info for A Declaration of Energy Independence: How Freedom from Foreign Oil Can Improve National Security, Our Economy, and the Environment
S. market fell to the Interior Department. 4 million barrels a day in the fourth quarter of 1973, 8 percent of expected demand. 5 million barrels a day—a daunting 20 percent of expected demand. S. imports of oil from Arab producers. 5 million barrels a day, it was necessary to add losses resulting from the production cuts. The world at the time was consuming roughly 60 million barrels of oil a day, 20 million coming from Arab producers. With a fifth of Arab production cut, the international market would lose about four million barrels a day (about 7 percent of the world’s supply).
An embattled Nixon tried to adopt the most optimistic interpretation of the chances for ending the embargo. But his cautious aides thought an immediate diplomatic breakthrough unlikely and any evidence of impatience to get one a sign of weakness. 31 Nixon described the disengagement of Egyptian and Israeli forces in terms that exaggerated the chances for restoring the flow of oil but were vague enough to satisfy his advisers. Four days later, however, Faisal officially informed the United States of an Arab consensus, which came as little surprise to the Americans: the embargo would not end without more progress on disengagement between Israel and Syria.
Florida (with 40 percent out) and Pennsylvania (37 percent out) ranked next in the shortage of supplies. Unlike preembargo supply problems, the new shortages were accompanied by major increases in prices at the pump. 5 cents a gallon. From December to April of 1974, it jumped another 10 cents. Motorists who had been paying $6 to fill a fifteen-gallon tank in October were by April paying over $8. They were also getting less service for their money. To control costs, dealers were reducing customer inducements like trading stamps, free maps, windshield washes, and oil checks.