Fifty years ago the US was experiencing severe energy shortages due to Arab oil producing states shutting down sales to the US. Obama’s future science advisor (John Holdren) said that was a good thing.
WASHINGTON (UPI) _ Terrorism is less likely the result of political motivations than of everyday frustrations such. as long gasoline lines, inflation and dissatisfaction with government, a leading psychiatrist has told Congress.
01 Mar 1974, 11 – Tucson Citizen at Newspapers.com
“By John P. Holdren BERKELEY, Calif. — The United States is threatened far more by the hazards of too much energy. too soon, than by the hazards of too little, too late …. less energy can mean more employment. The energy-producing industries comprise the most capital intensive and least labor-intensive major sector of the economy Accordingly. each dollar of investment capital taken out of energy production and invested in something else, and each — personal-consumption dollar saved by reduced energy use and spent elsewhere in the economy, will create more jobs than are lost.”
