Jimmy Carter’s Energy Speech of April 1977 — Is Obama following in footsteps?
Remember the 1970's energy 'consensus'?! Pres. Carter: 'The oil and natural gas that we rely on for 75% 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'