Jimmy Carter

“ This Conservation Plan was implemented by me nine months ago because it was clear in view of unstable world production of crude oil that we could not rely on imports to meet our normal demand. Worldwide production of crude oil now is at levels even below those of the comparable period last year. We have had to terminate crude oil imports from Iran, and have experienced increased uncertainty about the level of continued crude oil supplies from other producing countries. ”

“ This shortage of reliable supply has resulted in continued high U.S. dependence on insecure crude oil imports, which have experienced rapid price increases, substantially increasing our inflation rate and creating a major adverse impact on the national economy. ”

“ Because of the actions of the Soviet Union in Afghanistan and the tensions between Iraq and Iran, the threat to the stability of commerce in the countries of the oil-producing Persian Gulf has increased. ”