OPEC Oil Embargo +40 (10/18/13)

Climate One

Earth Sciences, Social Sciences, Science, News, News Commentary

4.7 • 583 Ratings

🗓️ 22 October 2013

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

“You would much rather breathe the air in any American city than breathe it in Beijing – thank you, EPA,” said former Secretary of State George Shultz, who served as Secretary of Treasury under President Nixon during the 1973 OPEC Oil Embargo. Although gas shortages shocked Americans 40 years ago, the drive to become more energy independent has since lost momentum. “Crises are not enough,” said former CIA Director Jim Woolsey. “Whether they’re potential crises or existing crises, people will ignore them after a little bit of time.” They discussed the need for choices at the gas pump, how innovation can lead the economy and the impacts of human-caused climate change. “If you don’t like the science, use your eyes – a new ocean has been created in the Arctic,” Shultz said. “We should be taking out a strong insurance policy.” Unlike past environmental policies that came from Republican presidencies, the divided, accusatory politics of today are fundamentally wrong, he said. “I’m sick of it, frankly,” Shultz said. “We’ve got to find things that improve our security, make economic sense and deal with this climate issue together.” George Shultz, Former U.S. Secretary of State Jim Woolsey, Former CIA Director This program was recorded in front of a live audience at The Commonwealth Club of California on October 18, 2013 Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:27.7	How will we power our future? Can we create a healthy and clean economy?
0:35.0	Climate 1 at the Commonwealth Club is at the forefront of the global debate about energy,
0:39.6	economy, and the environment.
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0:48.3	With thoughtful and insightful discussions on policy, business, science, and culture,
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0:56.3	It's our future. It's time to come together.
0:59.3	Welcome to Climate One from the Commonwealth Club of California, a conversation about America's energy, economy, and environment.
1:05.5	To understand any of them, you have to understand them all. I'm Greg Dalton.
1:09.1	Today we're discussing the 40th anniversary of the 1973 oil crisis.
1:14.0	Our guests are former Secretary of State George Schultz and former CIA director James Wolsey.
1:19.4	In October 1973, OPEC announced an embargo on oil exports to the United States
1:24.1	in retaliation for American support of Israel during the Yom Kippur War.
1:29.0	The use of oil as a weapon sent shivers through the global economy and pledged the United
1:33.7	States into recession. The federal government ration gasoline and motorists across the country
	...

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