"Toward the end of President Jimmy Carter's administration in 1979, the world suffered an energy crisis triggered by the Iranian Islamic Revolution, which caused global oil production to plummet and oil prices to roughly double. This led to severe gasoline shortages and long lines at service stations."
"Carter initiated a phased deregulation of domestic oil prices to encourage production. He also promoted energy conservation and advocated for renewable sources such as solar energy. He even installed solar panels on the roof of the White House to lead by example. In addition, he enacted a "windfall profits tax" on oil companies to inhibit them from making exorbitant profits at the public's expense."
"But you and I both know that with only 2% of the world's oil reserves, we can't just drill our way to lower gas prices - not when we consume 20% of the world's oil."
A new oil supply crisis, triggered by military actions in Iran, coincides with decades of human-caused climate change and rising global temperatures. This situation mirrors the 1979 energy crisis during President Jimmy Carter's administration, which resulted from the Iranian Islamic Revolution and caused oil prices to double and severe gasoline shortages. Carter responded with energy conservation promotion, renewable energy advocacy including White House solar panel installation, oil price deregulation to encourage production, and a windfall profits tax on oil companies. In contrast, recent administrations have pursued increased domestic oil drilling. With the United States possessing only 2% of global oil reserves while consuming 20% of world oil, drilling alone cannot solve energy challenges. The current crisis offers an opportunity to learn from Carter's approach and significantly advance clean energy research and installation.
Read at LGBTQ Nation
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