Jimmy Carter’s Energy Speech of April 1977 (Is President Obama going Carter’s way?)

[Sunsettommy]

Master Resource

July 13,2011

by Robert Bradley Jr.

EXCERPT:

“The oil and natural gas that we rely on for 75 percent of our energy are simply running out.… World oil production can probably keep going up for another 6 or 8 years. But sometime in the 1980′s, it can’t go up any more. Demand will overtake production. We have no choice about that.”

“To some degree, the sacrifices will be painful—but so is any meaningful sacrifice. It will lead to some higher costs and to some greater inconvenience for everyone. But the sacrifices can be gradual, realistic, and they are necessary.”

“We must not be selfish or timid if we hope to have a decent world for our children and our grandchildren.”

- Jimmy Carter, Energy Address to the Nation, April 18, 1977

Will Obama and his ilk learn the lessons of history?

One such lesson is don’t count conventional energy out. In the 1970s, oil and gas shortages experienced in many parts of the U.S. were erroneously blamed on resource exhaustion rather than government price and allocation controls.

LINK
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Jimmy Carter's entire speech is in the link.