Ahh yes it’s all just a big reminder of the Carter failure. From FEE April 21, 2017 “Forty years ago tonight, President Jimmy Carter delivered his Address to the Nation on National Energy Policy, better known as the “Moral Equivalent of War” speech. Seated behind his ornate desk in the Oval Office and wearing a sober pinstriped suit, he offered a litany of dark predictions:

“The oil and natural gas we rely on for 75 percent of our energy are running out.” “Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil than it can produce.” “World oil production can probably keep going up for another six or eight years. But some time in the 1980s it can’t go up much more. Demand will overtake production. We have no choice about that.” “We can’t substantially increase our domestic production…” “Within ten years we would not be able to import enough oil—from any country, at any acceptable price.” “If we fail to act soon, we will face an economic, social and political crisis that will threaten our free institutions.” Well we all know it was a big lie....