Slag---


There was in fact a shortage in the 70's--the time period in question. Caused primarily by OPEC--which at that time was much more united than it is now.   By the 70's the US had passed its peak of oil production. This is well documented.   I would hope you would recognize this. Ever heard of Hubbert? (sp)

So it is understandable that the government would now (in the 21st century) want to keep some US oil in the ground--against a future emergency.

I would think you would be in favor of deregulation of the domestic oil and gas industries--which Carter did in the 70's. Or do you question that he did this?


And I'd like to hear you acknowledge that Carter put in Volcker---probably the single most important move in the 70's to bring inflation under control. When the Fed tightens, it takes a while for those moves to be registered in the economy--which is why the 1981 inflation rate reached 13.5%. But a few years later it was down to about 3%. Due to Volcker's strategy, not anything that Reagan did.

If you have information to the contrary, I'd like to hear it.

But thanks for moderating your language.