Anyone old enough to remember the Iran Oil Crisis of the ‘70s?

Discussion in 'Prime Main Forum (2017-Current)' started by schja01, Sep 16, 2019.

  1. schja01

    schja01 One of very few in Chicagoland

    Joined:
    Apr 22, 2005
    1,167
    796
    0
    Location:
    Chicagoland
    Vehicle:
    2018 Prius
    Model:
    Prime Advanced
    I am and honestly I feel a lot better having a Prius Prime if things go really sour in the Mid East Oil production regions. Not wishing that to happen but today who knows what will happen.
     
  2. drash

    drash Senior Member

    Joined:
    Jan 5, 2005
    1,573
    655
    0
    Location:
    Upstate NY
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    Yeah I remember it quite well. The highways were deserted. This time around we’ll have the Strategic Reserve, but of concern is the number of days of supply we have for gasoline. If our main pipeline goes down to the Northeast and the situation escalates, it’ll look pretty bad around here.


    Unsupervised!
     
  3. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    87,579
    38,992
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    the other thread, someone mentioned only 5% of our crude coming from there?
     
    barbaram and Rob43 like this.
  4. Rob43

    Rob43 Senior Member

    Joined:
    Sep 24, 2014
    1,280
    900
    0
    Location:
    VA, BMW Race Car, BMW R1200R, BMW 330Ci, Ford F350
    Vehicle:
    2013 Prius v wagon
    Model:
    Prime Advanced
    I remember those very long gas station lines, then they would run out of gas....

    Personally I'm not worried....because I own a Prius Prime ! ;)



    Rob43
     
    barbaram likes this.
  5. sam spade 2

    sam spade 2 Senior Member

    Joined:
    Mar 31, 2018
    3,143
    1,410
    0
    Location:
    USA
    Vehicle:
    2017 Prius c
    Model:
    Four
    I CAN'T DRIVE 55 !!!
    Remember it well.
    Alas, almost nobody else does it seems, and we are right back to our glutenous ways again.

    Human beings are just STUPID.
    They have ruined every advanced society they ever created on the face of the earth one way or another.
    And now it is just a "horse race" to see what critical factor does us in this time.
     
  6. mr88cet

    mr88cet Senior Member

    Joined:
    Sep 9, 2008
    2,037
    1,181
    0
    Location:
    Austin, TX
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    We’re all old geezers here!

    (Well, speak for yourself!)
     
    Prius from Dad likes this.
  7. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

    Joined:
    May 12, 2018
    3,384
    3,316
    1
    Location:
    Pennsylvania
    Vehicle:
    2018 Prius c
    Model:
    Two
    Yes and no. I was a kid then, old enough to have seen the footage on the evening news. However, I grew up in Alaska. We had our own mini-refinery tapped off the pipeline. Not much impact to us.

    Honestly I’m expecting this to be a bigger impact on all the plastic we buy from China. I understand Saudi crude is particularly good for making plastic, and nobody processes more plastic than China.
     
    mr88cet likes this.
  8. vvillovv

    vvillovv Active Member

    Joined:
    Mar 19, 2013
    964
    355
    0
    Location:
    NY
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Plus
    I was hitchin mostly than, so I saw lines but hardly ever got stuck in them. I do remember what happened after the crisis was over. Last price I remember before the crisis was .55 and still had to ask friends to pitch in for a few bucks worth to get my baha bug to the dunes or whereever else we were headed to...
     
  9. mr88cet

    mr88cet Senior Member

    Joined:
    Sep 9, 2008
    2,037
    1,181
    0
    Location:
    Austin, TX
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    I gather the attack took somewhere around 10% of the world oil supply off line: substantial, but not huge.
     
  10. mr88cet

    mr88cet Senior Member

    Joined:
    Sep 9, 2008
    2,037
    1,181
    0
    Location:
    Austin, TX
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    Hmmm... “Iran oil crisis”? FWIW, the buzzword phrase I remember from that era/event was “Arab oil embargo.” There was the “Iran hostage crisis” in ... very roughly ... that time frame.
     
  11. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

    Joined:
    May 12, 2018
    3,384
    3,316
    1
    Location:
    Pennsylvania
    Vehicle:
    2018 Prius c
    Model:
    Two
    Somebody check me on the history, but I thought the embargo was the 1973-4 event, while the 1979 event was tied to the Iranian revolution.
     
    #11 Leadfoot J. McCoalroller, Sep 16, 2019
    Last edited: Sep 16, 2019
    mr88cet likes this.
  12. The Electric Me

    The Electric Me Go Speed Go!

    Joined:
    May 22, 2009
    9,038
    5,717
    0
    Location:
    Undisclosed Location
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    I remember it. But I remember it as a kid.
    I remember some area's going to an even/odd license plate number day, for purchasing. I remember the adults complaining about it.

    Amazing we survived, especially because back then....the majority of vehicles had horrible gas mileage.

    My Aunt had a VW bug...and people thought of it almost like people think of a Hybrid today. That is, people thought she was lucky to have such an economical vehicle during that crisis.
     
    Rob43 and Prius from Dad like this.
  13. mr88cet

    mr88cet Senior Member

    Joined:
    Sep 9, 2008
    2,037
    1,181
    0
    Location:
    Austin, TX
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    Right off the top of my head, that sounds about right.
     
    RRxing likes this.
  14. Prius from Dad

    Prius from Dad Senior Member

    Joined:
    Oct 5, 2012
    724
    1,109
    0
    Location:
    Toms River, NJ USA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    I remember the odd-even plate abomination here in NJ. If your plate ended in an odd number, you could get gas 1 day and the next day was for even plated cars. I had and odd plate # and my brother only had his permit with an even plate, so I had to sit in those lines twice.:(
     
    vvillovv likes this.
  15. schja01

    schja01 One of very few in Chicagoland

    Joined:
    Apr 22, 2005
    1,167
    796
    0
    Location:
    Chicagoland
    Vehicle:
    2018 Prius
    Model:
    Prime Advanced
    It is the embargo I remember. Thanks for setting my senile brain straight.
    I also remember gas prices going from 30ish cents per gallon to $1.25 very quickly.
     
    vvillovv and bisco like this.
  16. TMR-JWAP

    TMR-JWAP Senior Member

    Joined:
    Aug 12, 2016
    2,958
    3,479
    0
    Location:
    Columbia, SC
    Vehicle:
    2007 Prius
    Model:
    Touring
    @Prius from Dad

    Is that the bowling alley on RT 37 in your avatar background?
     
    Prius from Dad likes this.
  17. PT Guy

    PT Guy Active Member

    Joined:
    Nov 23, 2016
    710
    491
    0
    Location:
    Washington, the state
    Vehicle:
    2017 Prius Prime
    Model:
    Plug-in Advanced
    The U.S. imports about 380,000 barrels (42 gallons/bbl) weekly from the Kingdom of Saudi Arabia. That's not a lot. The U.S. exports 3,045,000 bbls of crude oil weekly. We can cover any Saudi shortfall by reducing exports. There might be some dislocation due to refineries able to process only certain grades of crude oil, but it can be handled. The UAE has stated that it and other OPEC producers can make up the KSA shortfall to the rest of the world.

    U.S. Imports & Exports
    Weekly Preliminary Crude Imports by Top 10 Countries of Origin (ranking based on 2017 Petroleum Supply Monthly data)
     
  18. CharlesH

    CharlesH CA HOV Decal #5 on former PiP

    Joined:
    Nov 27, 2005
    2,578
    1,021
    0
    Location:
    Roseville, CA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    I recall that is was a big deal when the price hit $1.00/gal, since most of the pumps had mechanical meters that had only three digits, and thus were limited to 99.9 cents/gal. In these parts, gas stations got permission to set the pumps to one dollar less than the actual price, so a dollar per gallon was added by the clerk to the total displayed on the pump. It took a while for the meters in all the pumps to be replaced by units that could be set to more than 99.9. This was before electronic displays on pumps.
     
    bresna and Prius from Dad like this.
  19. jerrymildred

    jerrymildred Senior Member

    Joined:
    Oct 28, 2016
    7,494
    9,200
    0
    Location:
    Tampa, FL
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    I had forgotten about that. I remembered as soon as I saw your comment. We start to feel like the world is crazy now, but it was at least as crazy then.
     
  20. Salamander_King

    Salamander_King Senior Member

    Joined:
    Nov 8, 2015
    5,857
    4,571
    0
    Location:
    New England
    Vehicle:
    2020 Prius Prime
    Model:
    LE
    Middle East may not have much effect on US gas price, but fracking ban... that would be a different story.
     
    mr88cet likes this.
Loading...