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re: I lived through the 1973 oil embargo
Posted on 3/14/26 at 10:44 pm to gumbeaux
Posted on 3/14/26 at 10:44 pm to gumbeaux
quote:
speed on the interstates was reduced to 55 mph.
My Grandfather, Mom's parents, were Texans ... had a cattle ranch and oil field in Pecos County. He had this big Cadillac ... he always drove Cadillacs. He was not a fan of flying.
I'll never forget when they drove over to see us (here in SC) during the Opec Oil Embargo after Jimmy Carter had reduced the national speed limit to 55.
When Pop Bill got out of the car and my Dad asked him about the journey with the gas problems and State Troopers and speed limits, my grandfather said ....
"Driving across Texas at 55 isn't a journey ... it's a god damned career."
He was pissed. It took my Grandmother and him almost three days between looking for refills, and dealing with construction along I-20, all while pulling an AirStream.
I'll never forget that.
The good part was, and I'll never forget this either, he wasn't pissed about the oil embargo because his wells were getting $10 - $11 a barrel ... whereas before the embargo he was getting around $3 a barrel.
I learned about the oil business ... but he loved his cattle ranch.
1
Posted on 3/14/26 at 10:46 pm to gumbeaux
quote:In the mid 80s I drove a 1973 Ford Torino and it sucked gas like a mofo.
1973 oil embargo
Posted on 3/15/26 at 4:59 am to gumbeaux
My father-in-law was the Comptroller of Aramco HQ in Saudi Arabia. King Faisel brought him in and said he would be beheaded if oil shipments were sent to the U.S.
He responded: 'OK, but if we sell to another country, like France, we have no control over what they do with it. They might sell it for a higher price to the U.S. I have no control over such possibilities.'
Faisel: 'No problem.'
He responded: 'OK, but if we sell to another country, like France, we have no control over what they do with it. They might sell it for a higher price to the U.S. I have no control over such possibilities.'
Faisel: 'No problem.'
Posted on 3/15/26 at 5:02 am to gumbeaux
Trump said he would use our reserves if the price got to high. Idk why you are freaking out or just trying to get everyone else to freak out.
Posted on 3/15/26 at 5:24 am to SouthEasternKaiju
quote:
Siphoning & locks on gas caps… good times.
Will John Q Public resort to stealing my EV because they are frustrated? John Q Public needs to go out and get emergency backup Ford Mach Es.
Posted on 3/15/26 at 5:59 am to gumbeaux
I remember that as a kid.
I heard later in life, Kissinger used it to take the price cap off the price of gasoline that had been set around 25 cents a gallon for like 50 years. Kissinger as many know was Nelson Rockefeller's right hand man in politics.
I heard later in life, Kissinger used it to take the price cap off the price of gasoline that had been set around 25 cents a gallon for like 50 years. Kissinger as many know was Nelson Rockefeller's right hand man in politics.
Posted on 3/15/26 at 6:22 am to gumbeaux
The biggest difference between then and now is the amount of crude production in the US.
It won’t be the same. In fact, most of the price movement has been speculative not fundamental.
It won’t be the same. In fact, most of the price movement has been speculative not fundamental.
Posted on 3/15/26 at 7:23 am to gumbeaux
Worst thing that happened to the auto industry.
Posted on 3/15/26 at 7:49 am to Zach
quote:
My father-in-law was the Comptroller of Aramco HQ in Saudi Arabia. King Faisel brought him in and said he would be beheaded if oil shipments were sent to the U.S.
Your FiL Saudi or American? Just wondering. Also, for we yougins why did the Saudis have issues with us then to do this?
Posted on 3/15/26 at 7:57 am to scrooster
That's a great story. A without a doubt I imagined your Pop as Boss Hogg as he got out of his caddy when he rolled up to y'all's house. 
I wonder if he would have said if he noticed that the 55mph actually did save gas or not. I know he wouldn't have cared, but if it did or not.
I wonder if he would have said if he noticed that the 55mph actually did save gas or not. I know he wouldn't have cared, but if it did or not.
Posted on 3/15/26 at 8:00 am to HagaDaga
quote:Saudi was more fundamentalist in those days. I did several projects there from the late 80’s through the early 2000’s and over the years they became more western
why did the Saudis have issues with us then to do this?
Posted on 3/15/26 at 8:07 am to gumbeaux
This is nowhere near the disruption of 1973. Calm down.
Posted on 3/15/26 at 8:08 am to gumbeaux
quote:
I’m not suggesting this disruption of the oil supply will be as long and impactive
Good. Because it's not even close.
All that's happened is that we are paying Biden prices for a short while.
And BTW, in WWII your gas ration was 4 gallons per week.
This post was edited on 3/15/26 at 8:39 am
Posted on 3/15/26 at 8:10 am to llfshoals
Thanks. So of course makes me wonder...what was the fundamentalists main concern, not wanting to be westernized? Ie...look more like Iran at the time, and be what they eventually turned into.
Kind of why I'm interested in knowing if the other posters FiL was American or Saudi. Big role obviously. One I'm sure is Saudi now, but interesting if they needed an American in that role back then.
Kind of why I'm interested in knowing if the other posters FiL was American or Saudi. Big role obviously. One I'm sure is Saudi now, but interesting if they needed an American in that role back then.
Posted on 3/15/26 at 8:27 am to HagaDaga
quote:
Just wondering. Also, for we yougins why did the Saudis have issues with us then to do this?
Saudi was much more fundamentalist than today - I am amazed at their amicable relationships with USA.
In my youth, my uncle was one of those who went over there to work the oil-fields - the tales he told of their laws and restrictions made it hard for me to sleep at night. I've had that fundamentalist situation in the back of my mind until the "Abraham Accords" cemented their modern culture upgrade.
Posted on 3/15/26 at 8:33 am to ChineseBandit58
Thanks. Mind giving some examples of those rules, that maybe we would never have heard of here?
Interesting you found that AA help cement their culture upgrades. Something I had no clue was something that came out of that. Not sure how, but interesting to learn.
Interesting you found that AA help cement their culture upgrades. Something I had no clue was something that came out of that. Not sure how, but interesting to learn.
Posted on 3/15/26 at 10:12 am to HagaDaga
quote:Knowledge. You have to remember the Internet was in its infancy and knowledge of the advantages western society provided weren’t widespread.
Thanks. So of course makes me wonder...what was the fundamentalists main concern, not wanting to be westernized? Ie...look more like Iran at the time, and be what they eventually turned into.
Think of really rural areas. Did things mostly because “that’s the way it’s done”. As knowledge of for lack of a better way to explain it “easier ways to do it” spread faster once information flowed more freely.
Posted on 3/15/26 at 10:32 am to HagaDaga
quote:
Your FiL Saudi or American? Just wondering.
He was American from Many, La. and got a math degree from NSU and then a scholarship to Harvard grad school. How? It was early DEI. He was half Indian (don't remember which tribe). He was FiL from my 1st marriage.
Posted on 3/15/26 at 10:45 am to Zach
Drove from New Orleans to San Antonio during the height of the gas shortage. Used the Hwy 90 route, as I figured the local towns/gas stations would have more availability . It worked never had to wait in line or worry about the correct day.
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