Historians R Us

This blog is the property of the AP US History class at Pope John XXIII High School in Everett, MA, USA. Here students explore current events in America, while seeking to understand the historical roots of those events. At the same time, students are able to carry on classroom discussions in the cyber world.

Monday, September 26, 2005

...and this is why im riding a bike from now on.

The most recent gasoline crisis as a result of the recent hurricanes Katrina and Rita have caused gas prices to skyrocket. In this article, President George W. Bush urges Americans to conerve as much gas as possible, and briefed the U.S. on the current situation conceringin gasoline and the Gulf Coast. Fortunatley for East Coast residents, we are not experiencing the worst of this gas crisis. Areas which recieve Gulf coast- produced fuel are experiencing a shortage. Most are not affected, however trucking companies and southern airlines are feeling the effects.

In 1973, an energy crisis occured, similar to the one we are currently experiencing. During the Yom Kippur War in 1973, the Arab oil corporation OPEC announced they refused to ship Isralie allies petrolium, including Europe and the U.S. During this time, the U.S.' power was devastated, the value of a dollar plumeted to nearly 50% of its pervious worth, and inflation became out of control. This shortage doubled the price of gas in the United States, and caused reoccuring problems throughout the 70's and 80's. Today, because of this same reason, (as well as the recent hurricanes) gas prices are constantly on the rise.

1 Comments:

Blogger Unknown said...

Good point Tori. The current administration has invested some money into hydrogen fuel research. Also, today Bush called for more conservation--car pooling, public transportation, etc. To this point, there has been no concerted effort to affect the demand side of the oil equation.

intellectuals, inc.

10:10 PM  

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