Amy Myers Jaffe, speaking to the All-Convention Luncheon in Dallas, not only presented her synopsis on a looming oil crisis, she warned that geopolitical issues could lead to a deja vu of the energy crises of 1973 and 1979. Those crises precipitated frantic lineups at gasoline pumps, panicked the American public and led to the introduction of smaller, more energy efficient vehicles across the nation. Today, however, the pendulum has swung back, with a large percentage of Americans driving gas thirsty sport utility vehicles. That's a sign, Myers Jaffe suggested, that the lessons of the oil crises in America have been forgotten during the intervening 30 years. She added, tongue-and-cheek, that a paper she wrote as an eighth grader on the 1970s oil crisis could be dusted off and published today in a learned journal.
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