A Declaration of Energy Independence: How Freedom from by Jay Hakes

By Jay Hakes

Each American may still learn "A announcement of power Independence: How Freedom from overseas Oil Can enhance nationwide safety, Our economic climate, and the surroundings" by way of Jay Hakes.

I think this ebook becomes the defining advent to the subject/issue of strength independence.

Ron Bengtson
Founder
[...]

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Each American may still learn "A announcement of strength Independence: How Freedom from international Oil Can increase nationwide defense, Our economic climate, and the surroundings" through Jay Hakes.

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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).

_ Unlike previous presidents, Carter embraced gasoline taxes as a way to curtail the wasteful use of oil. In mid-February, he wrote “good” next to a recommendation for a gasoline tax, ignoring the political risk of the measure. indd 46 5/9/08 10:23:53 AM A Forgotten Victory Gives Hope 47 Despite opposition from key advisors, Carter decided to go with an increase of five cents per gallon a year up to a cumulative cap of 50 cents. If goals to reduce oil imports were met, the tax would be postponed or even rescinded.

S. bill for foreign oil was about $4 billion. The next year, the price rose to about $7 billion. In 1974, the first year affected by the late 1973 actions of OPEC, the cost jumped to about $25 billion. The total tab for imported oil had soared to more than six times its level just two years earlier. S. oil consumption in 1974, the first decline in history. S. balance of trade. In 1974, the net energy trade deficit ran $22 billion. By contrast, the non-energy balance for the year ran a positive $18 billion.

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