Post #45841 by Lambo on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (74)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 2

It literally remade the entire auto industry, put thousands out of work and fundamentally changed Labor in the United States.

The OPEC Embargo failed completely to achieve its primary aim, which was to disrupt the U.S.' support of Israel.

That they didn't achieve their objective shows that we're not the guy in the elevator afraid of the weapon-wielding maniac. The grenade went off and we didn't cave...but the country's economy was forever different as a result.

What I remember was we learned that our auto industry had become complacent and had not innovated. We were being out engineered by both the Asians (Japanese) and the Euros. As a kid, Japanese quality was a joke - no more. Our oil industry had stagnated too. The days of just drilling a hole and moving when the pressure got low were numbered. We had to invent ways to extract oil after the pressure got too low, from oil tar, and to frack for oil. The oil engineers had also figured out that oil pollution would slowly raise the temperature of the earth.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (74)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.