These days we are now living remind me a lot of the 1970s. Especially starting with gas at $4 and $5 a gallon here in California it was at least a tripling of fairly recent gas prices of the last few years.
In 1973 during the Arab oil embargo which I believe was the start of Opec, gasoline went from as low as 17cents a gallon to 80 plus cents a gallon here in California then. It was percentage wise worse price difference then and threw us into a recession just like now. Only then the price increased about 4 times overnight and no one could buy it at any price and people were hitting each other with tire irons after waiting in the heat for 4 to 5 hours for 5 gallons of gas. At least this didn't happen too much this time. However, the recession is a lot like that one.
However, this one is worse because we have a never ending war that reminds me a lot of Viet Nam that ended in 1974 and left Nixon in disgrace. However, terrorism is not any one armed state that can be dealt with in any real way with any real consequences that might mean something. No. Now a whole new strategy has to be found to deal with what we are experiencing now.
The most important thing I can say for each of us is:
Necessity is the mother of invention!
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