thereisnospoon
Gold Member
oh please. You've been misinformed.The embargo was not the case.Not relevant.Conspiracy theories don't count.It started back in the 70's with the oil embargo... a totally manufactured crisis.
Got any actual facts?
"The Corporate Average Fuel Economy (CAFE) standards are regulations in the United States, first enacted by the U.S. Congress in 1975,[1] in the wake of the Arab Oil Embargo, to improve the average fuel economy of cars and light trucks (trucks, vans and sport utility vehicles) produced for sale in the United States."
Hope that helps.
What? You asked me "Why the change to more efficient Mpg?" I told you it was due to t he oil embargo to which you commented was a "conspiracy theory".
So, my answer is very relevant, unless you of course don't understand your own question?
It was effect.
The Arabs got pissed off at the US over our support of Israel. So they cut off oil shipments to the US. The result was the development of fuel efficient vehicles.
The Arabs saw their global income from the sale of oil tumble. They even decided to allow the price of oil to float on an open global marketplace because they could not longer afford to fix the price of oil as they saw fit.