How's the price for energy, oil, petroleum, and gasoline now?

I am creating a political cartoon about Jimmy Carter and i’m going to talk about his energy policy. How is the cost for energy, oil, petroleum now? Is it overpriced? Would it have been better if we would’ve reinforced his energy policy?

3 Responses to “How's the price for energy, oil, petroleum, and gasoline now?”

  1. Marcia Says:

    Oh, for goodness sake don’t forget to depict him in a sweater with a room thermometer at 68! We were already going without the heat turned on at night with the day time heater thermometer turned to 68 when he gave what I will always remember as his "sweater speech". In our old house, you could guarantee that most of the house was 3 to 5 degrees cooler than the thermometer setting; the thermometer sat on a wall in the warmest and most stable temperatured space in the house. So, dear old Jimmy asked us to turn our thermostats down 5 degrees to 68, turn the heat off at night, turn the heat off when we weren’t home, and even consider turning the heat down earlier in the evening. He advocated that we put on our winter sweaters and use throws in the evening. We did not use throws, blankets, or comforters in our living room but, we did turn the thermostat down 5 degrees while we were home and the heater fully off by 9PM! I do remember listening to Jimmy’s speech as it was delivered and then as it was dissected; Jimmy’s request to turn down the thermostat 5 degrees was predicated on the average American heating their homes to between 72 and 74 degrees where as we were already at no more than 68. I can remember buying an inexpensive, outdoor thermometer with my own money and stashing in various places around the house. Most of the rest of that winter, our house got no warmer than 60 to 63 degrees and I learned to layer in the house as I did for outdoors!

    I do remember the harbingers of doom talking of petrol problems both in terms of volumes and distribution by the year 2010. See if you can dig up some of those reports. Also, it was during Jimmy Carter’s time that oil reserves as a function of national security became a topic talked about by the talking heads, both in political and business worlds. You can probably find something spoken by Kissinger. Speaking of whom, transport through the seas of Arabia and Northern Africa with respect to hijacking and pirating were also seen as a potential threat to our oil supply by Kissinger.

    It seems as if fewer folks understand the need to reduce energy usage, the economics and political stability issues, the resource distribution issues, and the need to find alternatives now than did then. Now they are talking $5/gallon gas by August which means we’re a year ahead of the worst case scenario that everyone phoo-hooed just a couple of months ago. If that scenario plays forward, we have two to four years of slide from $5/gallon gas to $10/gallon gas. And, that scenario did not figure in the current unrest through out the Arab and North African world nor the strengthening forces of the pirates.

  2. Zyzzyx Says:

    Since the time of Jimmy Carter the world oil market has changed. Nowadays India and China are big consumers, putting pressure on supplies. Perhaps we could have decreased our consumption, and maybe that would have held the world price down a bit.

    Note also that world politics affects the price of oil. Currently events in Libya are causing prices to rise.

  3. oikos Says:

    Of course, it is overpriced (in the USA) but not nearly as bad as it is in Europe. Any disturbance in the OPEC countries and investors get nervous. Even though the supply has dropped only a little, people are bidding up oil futures. That is driving up costs at the pump.

    It’s a good thing that I drive very little and heat my house with firewood dropped off by friendly neighborhood landscapers.

    Whether the Carter policies would have helped is a bit iffy. He was a great believer in nuclear power, which has its own problems.