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October 28 -- It’s been 40 years this month since the oil embargo of October 1973. What have we learned as a nation and what has changed? Unfortunately, not much. Four decades later we are still exposed to oil shocks, disruption and price hikes — because even after 40 years, we still overwhelmingly rely on one source of fuel: oil. During that time we’ve experienced price shock after price shock due to unrest and instability in the Middle East. Egypt, Libya, Saudi Arabia, Kuwait, Iraq, Iran and now Syria — all unstable oil-producing nations in a region where even the slightest disruptions can have a drastic ripple effect on the supply and price of oil. Ultimately the American consumer is stuck footing the bill for an antiquated energy policy that is reliant on others. >>View Article

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