Oil Crisis | Stock market Crash | OPEC | This Week| 1973

The 1973 oil crisis paralyzed the USA and crippled the automotive industry. 'This Week' looks at how the lack of oil affects not only the US car Industry but also the every day lives of US citizens.
First shown: 06/12/1973
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[@johnathanryan2117]

"She"ll buy the car, but she'll have to lose some weight or something..." Brutal car dealer!

[@MegaThunder70]

😂😂😂

[@TheHorsebox2]

No time for Snowflakes in the '70s.

[@phoenixarizona8441]

Lmao

[@derekjohnson1698]

It’s honestly shocking at times how much our discourse about certain subjects-body type and image among them-has changed in the last half century. Not taking any “side,” but it’s fascinating! I think the 70s are SUCH a dang fascinating period in American history because it’s like society had one foot in the traditional way of doing things and one foot in a sort of progressive way of doing things. Fascinating.

[@skateboarding118]

It’s just facts

[@chargermaster586]

What a great time to buy used muscle cars for a Bargan.

[@jvarela965]

Our neighbor's son bought a 1966 Corvette in 1974 for $1700

[@chargermaster586]

@@jvarela965 sweet yup those were the days Many of the Yachts and Big American cars went dirt cheap during those days my father bought many of them just as knock around cars and other people did to.

[@chargermaster586]

@@jvarela965 My Dad Bought a 68 Corvette for $800 In 1974 Also.

[@jvarela965]

charger master people disliked the C3s but the early ones were really nice.

[@kyle8952]

@Chicken Little That's why he said used, dumbass. When your example 77 trans-am was made you could buy a 68 model year car with twice the power, USED.

[@NewYorkCityBoxing]

"Big ladies" -- he would be looking for another job if he said that in 2017.

[@douglasengle2704]

The astute sales person is sharing a situation he has no solution for, that of selling a car with a large enough interior for large people that gets gas mileage considerably above 6 - 8 mpg of the Thunderbird he sells. I'd like to know the "polite" way of discussing the comfort needs of very large people if this discussion was held today. The documentary was using this specific example to make a very broad reality statement that even very well thought and resourceful person's of the time in the United States, had no workable answers to continue the quality of life that some people had before the 1973 Arab OPEC oil embargo and the quadrupled price of OPEC crude oil. OPEC put the whole world into an oil embargo when Israel refused to remove its troops from Sini, which it had taken over during the recent 1973 Arab Israel war. After five months Israel agreed to remove its troops from Sini when and if UN troops took over their positions. OPEC then dropped its world oil embargo, but continued it on the United States and Belgium to punish them for their support of Israel during the Arab Israel war. OPEC had a financial group that believed it was in the their long term interests to reduce their crude oil exports to 75% current levels and enable the quadrupling of their crude oil price. The oil embargo provided the opportunity to make this change and in a few years that result had largely been achieved. The oil embargo became less and less restraining as more non OPEC sources of crude oil became available and became moot in 1983 when OPEC basically lost control over world crude oil pricing.

[@Thomass7586]

What would that car salesman think if he could see the huge lady's today.

[@jerrynavarro9580]

No shit

[@Autumn_Forest_]

Thomas L.S. Yep, the woman he was talking about was probably a size 8-10 haha.

[@ryoamora8655]

Fat whales. Fuck em. Hahaahaa

[@derekjohnson1698]

SIX TO EIGHT MILES PER GALLON? What the heck.

[@MrCarguy2]

just a Ford 460 4bbl V8 pulling the 2.5 ton Tbird, oh and emission equipment.

[@ryoamora8655]

@@MrCarguy2 think the 1973 Tbird had the 429V8, not the 460V8, though I could be wrong.

[@MrCarguy2]

@@ryoamora8655 Ford started using the 460 in it's lineup in '73, for emission purposes mostly. I think '72 was the last year for the 429

[@NicholasG]

yeah just enough to get you to another station!

[@leegraves8878]

@@MrCarguy2 I had a 73 Marquis with the 429. As a matter of fact at 1:17 it was exactly like that.

[@MrCarguy2]

You can see the sadness in the dealer eyes, poor guy. Ruined by the oil crisis

[@sunsetlights100]

He still had the mazda brand within the franchise.

[@martinjenkins5471]

Can never instant why America didn't destroy opec. At least now the USA is energy independent. They should teach those middle East bastards a lesson and not buy oil for a year.

[@williswhatchutalkinbout4367]

Forget him. What about the construction company owner worried about his 12 employees getting ready to not have a job...

[@souvikrc4499]

@@martinjenkins5471 Easier said than done. Our country is heavily dependent on oil just for getting around. And at the time, we were import dependent.

[@joshking010]

@@martinjenkins5471 the US NEEDS the middle east so forget that bro

[@BBFletcher4202]

It's amazing how rolling down your window with a button, or adjusting your seat was seen as a luxury. 2:20.

[@Mastermind12358]

Had a 1988 Mercedes, it was considered a high end luxury car simply because of the build quality and the automatic transmission. It had roll up windows and things like that. Now its all just Bluetooth and touch screens.

[@dougfisher1813]

Power windows and seats have been around since at least the 50's.

[@bri5speed]

The farmer's wife said, "I just couldn't imagine something like this would happen in America" That's what 95% of Americans will be saying the day after these propped up markets finally correct.

[@aidenorcutt1738]

whatsinaname you said this time next year we're gonna be in recession

[@baronvonlimbourgh1716]

There is a depression on the horizon that will make 2008 look like a little bump on the road. Just a matter of time. It can be next hear or 2 or 3 years from now but eventually rates can no longer go down and the currency pumps simply can no longer hold off the flood. The fed and ecb are pumping 200 billion a day into the stock markets to prop them up, people and corperations are drowning in debt and banks are full of dead debt and junk derivatives. They are pullung every trick in the book to keep this thing afloat and nothing is solving anything. At a certain point we will run out of options, anyone who believes everything is all dandy and the economy is doing so great will be very surprised and unprepared. The lid WILL blow off. Not a matter of if but a matter of when.

[@wjhandy]

@@baronvonlimbourgh1716 We are long in need for a good ole reboot

[@togowack]

@@baronvonlimbourgh1716 we are living during the Israeli Jubilee year which coincides with the 7 year eclipse and Trumps presidency. A reset a long with debt clearing is imminent. It is the opposite of what people believe that is coming.

[@sadlanod]

@@SocialistView and financial crisis

[@rattmann36863]

Lived through this while stationed in Hawaii. Thankfully, I had a VW Beetle at the time. Fuel prices doubled, and supply was limited. 10 gallons on alternating days depending on the last digit of your license plate. Even/odd. What found memories. HA!!!!

[@kosmosdemon]

Thank you for sharing

[@genociderjill]

Hey Richard.. I have a beetle as well and when gas was 5.30 for unleaded here in the west coast USA , I was laughing to the bank as well!

[@gregorymalchuk272]

​@genociderjill What kind of fuel economy did the beetle get?

[@DavidPigbody]

when sideburns ruled the world

[@TheOzthewiz]

AND porn became really popular...

[@danw1374]

The guy at 8:42 looks very modern though.

[@captainprice1667]

@BMC no Americans

[@russianfunkerroma]

@@danw1374 Basically he stick to his haircut in the 1950s. So he looked modern now, and dated then.

[@oneiljerry9460]

When the stock market rebounds, many investors may come to regret investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.

[@marksway7292]

I invest in all of the major markets, but not alone. I follow the trades of "Eileen Ruth Sparks," who you may have seen on the news performing stock analysis. I can confidently claim she's worth her salt as a financial consultant since her diversification abilities are top-notch.

[@andrewtownsend886]

@@marksway7292 That's fantastic. I've heard nothing but positive things from investors who have engaged a Financial Advisor, and I'd want to speak with one. What is the best way for me to contact the person you mentioned?

[@marksway7292]

@@andrewtownsend886 Her contact information is available on the internet. To discover her page, do a web search for her name.

[@stephaniestella213]

Speaking about the video, the economy has recently been a major issue, hurting both stock and digital assets.

[@jameswood9772]

Right now, everyone would be prudent to invest in non-government sources of income. Particularly in light of the present global economic crisis. This is still an excellent opportunity to invest in stocks and digital currencies.

[@truth.speaker]

11:33 That shocking moment you realize that isn't his son!

[@605pilot]

Yea, I was thinking the same thing. Then she spoke.

[@brucegirdlestone8516]

Its pre-braces. Now everyone thinks crooked teeth are scary.

[@chubeye1187]

Just missing a Banjo

[@TomislavKoren]

Gosh, I paused and searched for comment like this. Didn't took long. Still scared.

[@quantro65]

His missus 😁😁

[@robsherlock9774]

Thank you for uploading this look back in time. As the years pass it's amazing how similar marco policy issues repeat themselves.

[@drscopeify]

No its not the same, the issues in the 1970s were due to OPEC oil embargo and a stupid policy by Nixon to freeze prices, which by the way is soemthing Trump started to blabber on about the fool that he is. What is wrong with freezing prices? Oh just a total break down of the oil delivery system that's what. Oil companies had to pay more for the oil but Nixon did not allow them to raise the prices for the customer at the pump so guess what? They stopped producing oil.

[@IPGAuto]

The issue is when people say “it can’t happen, I could never have imagined, or it’s too big to fail”. Soon, you will see the US dollar fall. Something people couldn’t think could happen.

[@edwardogrady6587]

Peter Taylor, an icon of his time. Some of his documentaries of this time were groundbreaking material. Quality camerawork for the period dealt with here

[@WatchRichRebuildsChannel]

History repeats itself 50 years later. 🙂

[@andreascool3041]

This time is going to be worst and heading towards the end of it.

[@hdhhdd1]

UNCLE JOE !!!

[@kelliecorner1328]

Cars being replaced by battery operated expensive air tanks.

[@tommymtb8391]

No where near how bad it was in the 70s though

[@bjjnnnkakka7813]

@@tommymtb8391 all good now i think

[@zxtenn]

I worked at a gas station then with odd and even plates, etc... I drove a 67 RS Camaro with a 427/425 4 speed and 456 gears, I built the car myself. People used to swap plates all the time, I will never forget when the price hit .50 cents a gallon, it was called LIQUID GOLD among other things.. Siphoning gas was so common locking gas caps sold like wildfire, those old 'musclecars' were totally WORTHLESS, Pinto and Vega were common to see and the Vega came with a lifetime supply of oil but lifetime for those cars might be 3 years.. PEOPLE WERE CONVINCED THAT BY THE YEAR 2000 GAS WOULD BE EXTINCT AND I AM SERIOUS, IT SEEMED LIKE THE END OF THE WORLD, PRICES OF ANYTHING WITH OIL IN IT OR MADE WITH OIL JUMPED OVERNIGHT

[@josephscionti4680]

Can’t believe - yesterday was 50 years ago that this documentary was initially released. Excellent documentary - kudos to Peter Taylor! Oil embargo, mid east war, Agnew resigning, the Saturday Night Massacre and Nixon’s tapes. Quite a lot going on in the world in such a short time span.

[@vader1a]

Beige and brown the staple colour so a 70s and 80s décor

[@subversivelysurreal3645]

vader1a : My father bought a 1972,orange Super Beetle, and they had a very pretty deep blue-blue Monte Carlo with a white top…now every car looks alike: silver, bland, bland, bland.

[@subversivelysurreal3645]

vader1a : ‘Tan’ was a despicable color...😂 ✌🏾

[@hazelwray5307]

80's?...1970's.

[@jasonschuster]

The old shots of Bend, OR and the neighboring Cascades are amazing!! Thanks for sharing.

[@survivor5044]

From a fuel shortage in 1973, to a microchip shortage in 2022. Good luck trying to find a brand new car at the dealership.

[@internetpointsbank]

"Shortage"

[@davestewart2067]

And now their too expensive, and customers aren’t buying.

[@HafezBd]

Sincerely, I'm not sure if investing at this time is a good option. Pay attention to how often things fall apart. Despite reading charts and predictions from renowned investors from the past and present, I'm still seeking for a better way to invest my money because I still have some time before retiring. I want to create a strong and trustworthy portfolio in order to produce passive income.

[@harod033]

This is the problem! People who have little to no stock market knowledge frequently try to acquire on their own. I had the idea before acting responsibly and contacting financial advisor Ruth Loralann Brennan, in the US, but now everything is different. I started getting amazing returns on my investment.

[@AnaritaJolene77]

@@harod033 Although this is impressive, I really need their help because my portfolio is in such bad form. Please let me know how I can contact her.

[@harod033]

@@AnaritaJolene77 Sure , I don't know if I am permitted to drop this here, but do run a check on Ruth, she was in the news a lot in 2020. She’s my coach and handles my portfolio also

[@djones7603]

@@harod033 I was curious so I checked up Ruth’s profile online; I saw her website; her credentials speak highly of her; and she comes across as being very tight. I initially believed that this was hyped nonsense.

[@Ethan2Tone]

You bots are awfully repetitive and i find you repulsively hilarious.

[@analogidc1394]

In the early 1990's during the summer I delivered pizza to make a little spending money. At one point my cheap 1981 Chevette died and I had to borrow my Grandfathers 1976 Thunderbird which had a 460 cu in engine. Needless to say I lost more money than I made, but the owner of the Sunoco became my best friend while I worked with that T-Bird!

[@MaidenUtah1]

We had a 78 Shove It ourselves. Talk about a lemon that doesn’t produce lemonade.

[@natyaprabowo2141]

Japan took opportunities on the oil crisis 1973. Japan produced a fuel-efficient car, many Japanese automotive companies thriving, especially Honda. The non-OPEC country like Norway and Indonesia took advantage by selling them expensive oil to the USA

[@user-ho1ih1uj6w]

Especially Honda LMAO

[@drscopeify]

No no no, Japan was already exporting these cars to the USA since the 1960s it was just good timing really .

[@jerrynavarro9580]

Yet 45 yrs later , ppl still don't learn how to live within their means SMH speechless!

[@yusuf.alajnabi]

So so true

[@DiscoFang]

Jerry Navarro Well, the American political and cultural way has always just been "increase the means".

[@Alan-tr5uj]

Human beings consume. Its simply not in our nature to conserve- if it were this would've been taken care of then; here we are in 2019, using more oil than ever before. The truth is nobody knows how much oil there is, nobody knows how quickly it's produced, etc.. we can only guess. Humanity will use every last drop of oil before it's given up- or at least until there's no profit in oil...

[@dulynoted2427]

Jerry Navarro We’ve figured it out. It’s the oil giants that don’t want cheap, clean energy taking over their bottom line.

[@RespawnRestricted]

I bet this was.posted by someone with a expensive iPhone in their pocket

[@yotoronto12]

It's interesting that this event did end up helping the world in terms of creating environmental awareness, more fuel efficiency, made America self-dependent in energy and expanded other energy sources like nuclear and solar. With every set back comes a lesson and opportunity.

[@bruha321]

America imports half the oil it consumes. How is that self-dependent?

[@angryman132]

@@bruha321they are producing more than they consume, this is a great advantage come any disaster/war

[@hpiccus]

Well, you are right. And the lessons learned from this episode in 1973 is the reason the u.s. went to war in 1990.

[@twiff3rino28]

@@angryman132 Not anymore. Thank Wall Street for using the pandemic to destroy US capacity on non-federal lands.

[@Philss123456]

Actualy this led to the invasion of iraq-afghanistan etc . Any developing country that wanted to keep their oil , US just either corrupted the government or straight up murdered president/invade the country .

[@amiralkuzari1761]

America seemed much smarter in the old days, more smiles, more communicative. I like that kind of america.

[@Jake-rs9nq]

I saw that this was aired on 6/12/1973, which confused me since the oil crisis began in October, and this was clearly filmed in the winter. Then I remembered that the rest of the world measures time in day/month/year 😅

[@hebneh]

You get a sense from some of these interviews how shocking this time was. It really shook everyone up to very suddenly have all our daily expectations of normal life collapse. I was very grateful then that I was driving a 1971 VW Beetle that got good mileage and had a secure cover over the gas cap to prevent gasoline thefts.

[@prp3231]

This was alien technology for this Englishman in this video. Back in the 70s, this poor man had vinyl seats, a steering wheel, doors, tyres, a small engine and a gear stick in the UK.

[@johnj3577]

That fuel pump only goes up to $9.99 total sale. Today in the UK, that would buy less than 2 Gallons :(

[@Matt_Fields_29]

14:20 this guy's thinking was not only way ahead of his own time, but ahead of today to some extent, too!

[@samarjeetsingh4962]

Pierre Wartelle exactly , i too stand quite impressed by this Don something guy !

[@DolleHengst]

I'm curious what he is saying, and why it is ahead of time. English isn't my native language, and his words are inaudible to me. Thanks in advance. Have a nice day sir.

[@gentlepersuader]

@@DolleHengst He's talking about his entire conversation of a few minutes starting at 14:20. Insightful and intelligent.

[@kiwitrainguy]

@@DolleHengst A year ago Don started his business with a truck and 12 Pounds (GBP). Today he runs one of the biggest construction companies in Bend. He’s worked hard and slept little. The machinery he has invested in consumes hundreds of gallons of diesel a day. Last week the oil company told him that they were cutting off his supply. INTERVIEWER: Are you worried? DON: Sure I’m worried. Damn right I’m worried. You’d be worried. And we’re working very short now anyway and if my cashflow were to stop right now not only would I be out of business but I would probably loose all of this and I’d owe a quarter of a million dollars. And how the hell do you make a quarter of a million dollars working for somebody else? And support your family and then have to pay that debt back. So then what do you do? Declare bankruptcy and then you’re a bad guy for the rest of your life. This should have been resolved years ago instead of waiting until this crisis, I hope this country learns someday that money doesn’t solve all their problems. Doesn’t solve my problems, it’s taken a lot of work by a lot of these people that have worked hard and have sweated and went the extra mile for it. They’ll be out of work, thirty two people out of work. We should never have got ourselves in this position, I’m not blaming any particular administration but it’s just the way we’ve tried to do things. IINTERVIEWER: If you were an Arab leader, what would you have done? DON: The same thing that they’re doing now because they know that whatever they ask, the United States comes over and gives them more money. And money doesn’t (unintelligible). (With) the United States people it’s our way of life, it’s the way I’m living right now. You come in, you haven’t got time, you spend an hour, and you say here's what we'll do, you do this, OK fine, we’ll give you an extra million dollars. We’ll build you a fountain, we’ll build a bridge, we’ll build a road out there in the middle of the desert that goes nowhere. We’re gonna have to learn that there’s more finesse to being a civilised country than pulling out a dollar and giving it to them. INTERVIEWER: If you can’t get any oil “officially” does that mean that you’ll perhaps get it on the black market? DON: I know how to survive as an animal. Whatever it takes, I’m gonna survive. INTERVIEWER: It's going to cost you more to survive though isn't it? DON: It's going to cost maybe another 40% to survive.

[@weallfollowmanutd]

That electric window speed though. Amazing

[@jacknakash2677]

This is why the Japanese cars at the time were all the rage the gas mileage was so much better

[@Dusty_617]

Very fucking eerie. It’s 2022 and it sounds exactly like I’m watching what’s on news now

[@jakemadden4308]

1974 and 1975 bad years high unemployment.

[@callaghan728]

jake madden Thatcher: Hold my beer.

[@rhondaeverett8284]

Some lined up out in parking lot to apply at McDonalds...

[@minesweeper5595]

wow! thanks you ThamesTV! very cool!

[@MikoyanGurevichMiG21]

You know what they say about history repeating itself

[@ZackFrisbee]

You haven't seen anything yet.

[@operator91210]

And here we are! A year later: new cars are near impossible to get without waiting 2-6 months, inflation is skyrocketing, House prices are unbearable. If we aren't already in a great recession.....

[@nebucadnesarsdream1]

thank you this is superinteresting

[@RoadCone411]

25 gallon tank. 6-8mpg? Really? You couldn’t go more than 150-200 miles on a tank of gas in that Thunderbird?

[@raycroal]

but it is beautiful and comfortable

[@chargermaster586]

@@raycroal yup

[@TheOzthewiz]

@BloomingOnion Probably 12-15mpg at a STEADY 55MPH..

[@OlafoWaffle]

It wasn't design to be driven that far

[@lukestrawwalker]

Yeah I find that very hard to believe... I drove a SCHOOL BUS for 9 years and it got 6 mpg average... for something with a 2.5 ton truck chassis and 466 cubic inch diesel engine, automatic transmission, HD truck axles, and 6 22.5 inch tires... You'd have to pin the accelerator to the floor every time you got off the brakes to even attempt to get mileage that lousy... OL J R :)

[@jackslatch6951]

2022 and a new version of oil crisis is almost here.

[@altus1253]

Keep in mind, the UK's oil supply was unaffected but nations like the Netherlands had a complete oil embargo.

[@jakemadden4308]

The UK was hit by coal miners strikes and power outages .

[@diegoharry2657]

@Kilo Byte 💯💯, though the UK were affected by the oil embargo, the winter of discontent was emblematic of that. The UK's economy was in the shits for much of the 70s with the issue of stagflation - rising unemployment and inflation simultaneously.

[@jvarela965]

My parents had a 1973 Chrysler New Yorker Brougham. 8 mpg in town and 12 on the hwy.

[@TheOzthewiz]

Sounds about right...

[@TheHorsebox2]

But what a motor. Lovely.

[@seana806]

That mileage was typical for big block V8’s choked down with emissions. Would be slightly better without emissions equipment, but wouldn’t be by much. A small block V8 paired up with a 4 or 5 speed automatic transmission would for sure get better mileage, may not have the torque of a big block but it’s a compromise since there’s decent power and economy.

[@miguelsalami]

And so here we are today paying not 40 cents a gallon for gasoline but upwards of $3.00 per gallon.

[@rokuthedog]

Adjust that 40c for inflation

[@competitiveplay6643]

Did you drop out of school? inflation is a thing.

[@miguelsalami]

@@competitiveplay6643 Especially when your allowed to monopolize an industry.

[@garywinterbottom6073]

Wow that's better than here in uk we pay on average around £1.30 a litre so x that by 4.52 gives u around £6 and more a gallon. 😥

[@Ingsoc75]

Greetings from 2022

[@AngloAm]

That Thunderbird is gorgeous.

[@TheHorsebox2]

Yes it was.

[@TheOzthewiz]

AWESOME!

[@michaelweizer7794]

@@TheOzthewiz Go look at the Thunderbirds before that though!.

[@Weber408]

I didn't grow up in the 73 oil crisis. I did grow up through 2008. Yet it's interesting from then and now it changes that impact the US people. With the virus, it seems history repeated 47 years later

[@cg0825]

The scary thing is that this could easily happen again. OPEC could easily bring life as we know it to a halt if they wanted. Even in 2022 we still have a strong dependence on foreign oil.

[@Civsuccess2]

Joe Biden ensure that. Remember the banned fracking?

[@u-shanks4915]

Biodiesel

[@drscopeify]

It cannot happen again because the USA is oil independent

[@theconciergerecommends3981]

Very relevant with today's headlines...

[@SouthCalifas619]

6 to 8 MPG?! its amazing this was ever even considered, despite hiw the economy was in the 60s and 70s

[@zeeteavathepipe3184]

That's at least 30 liters per 100 kilometers.

[@pcno2832]

Most cars of the 1960s, even the biggest ones, were good for at least 10. It was the emissions, crash and bumper regulations all hitting at once that made 1973 the worst year for fuel economy. The Arabs hit us when it hurt the most that October.

[@chriswilde7246]

12.15. Wonder what happened to them? I grew up in the 70's in London, I hated the 70's.. It was the worst of times, all the time!!

[@jakemadden4308]

Same in the United States.

[@insertnamehere5146]

you are the first person i have ever seen post a comment like that about the 70s. everyone normally waxes lyrical about the "good old days" I agree with you. I also lived in London in the 70s and it was grim, grimy and generally miserable. For all the problems of 2020 i think this is a better time and that has nothing to do with me being wealthier now than then. I can remember bomb sites from WW2 in the 70s

[@chriswilde7246]

@@insertnamehere5146 Yes insert, I remember the old bomb sites as we used to call them, many were; by the early 70's we just piles of bricks etc, as you too probably remember, we had some good laughs running around these places, but other than that, the 70's; as you also have said were total crud lol. I agree with everything you have said, the good old days? They were a pain in the ass! Take care insert....

[@chriswilde7246]

@@insertnamehere5146 Totally agree...

[@robv1139]

Although here in the UK we had almost uninterrupted supplies we could still rely on the coal miners and rail workers to go out on strike. (well done)

[@allenschmitz9644]

I love these historic snow jobs.

[@lu-dx6oh]

6-8 mpg with a 25 gallon tank , lol thats just 150-200 mile range . You can get an electric car with over 300 mile range nowadays

[@edword7195]

yes but takes longer to fill up, the numbers are just something on a spread sheet when than car was designed fuel was cheap so relatively was probably a better proposition than an electric car is today regarding practicalities

[@johanbrand8601]

That dealer over exaggerates.

[@Tuppoo94]

@@edword7195 It takes longer to fill up, but electricity is much easier to come by than oil. Gasoline-powered cars are faster to refuel, but they will be useless once oil runs out or becomes uneconomical to extract and refine.

[@defunctt]

@@Tuppoo94 probably not going to happen in most of our lifetimes but may well be an issue towards the end of the very youngest lives of those living today. ie any car you buy now will have fuel for it

[@cblizz730]

High quality audio and video for the time.

[@majedalhakawati7]

The 70s had better quality media than the 80s and 90s

[@majedalhakawati7]

They were still using film before VHS came along

[@Thomass7586]

And we all survived. 🚘 I'd go back to the 1970,s compared to today anytime.

[@baldy194859]

yea, we all got by ! you learn to live with the times !

[@ryoamora8655]

The 20th Century was a better time to grow up (70s, 80s, and 90s). The music and cars were better, too.

[@robertclark4929]

@Safety First No cell phones.no internet.no cable TV. If people had to go without those things today they would go crazy.....crazier than they already are..

[@YassineSaidi]

I still prefer living the current times, with advancement nobody dared to dream about in the 70s. We're living in a mess but I don't evade challenges by nostalgia.

[@DavidAttenbraai]

@@ryoamora8655 Cars are much better now

[@DoubleDeckerAnton]

Great video from the 1970's...😉👍

[@lowrydan111]

Amazing political / economic changes in the 70’s. Gold standard abandoned. Rise of the petrodollar and eurodollar. This phase of our history shows signs of change again.

[@tomsoki5738]

Good standard went in the 30’s. It’s the goods standard that went during this time. Full transition to Fiat currency

[@jakemadden4308]

Wood burning stove help a lot back then.

[@omeganoobz]

It will help a lot in a not so distant future. Mark those words.

[@sisyphus9252]

It's sad that American car manufacturers still can't build reliable cars like Japan can.

[@seana806]

Actually, American car manufacturers DID build reliable cars from the late 80’s to about the early 2000’s. Just ask anyone who has a GM vehicle with the 3800 engine built from 1988 to 2008, few to no problems since it was a simple pushrod design, even got 20 to 30 mpg. Another one was the Ford Panther Platform, got beefed up by the mid to late 80’s, even more so in the 90’s and early 2000’s, many were used for Police and Taxi services and could rack up many hundreds of thousands of miles without a major overhaul. Another one which is just engines, is the Ford 240/300 inline 6 along with their small block 302 V8. Though, the story is different from 2012 to the present.

[@fnqadv1162]

We have all of this to look forward to again. Can't wait..... :(

[@TheOzthewiz]

NOT under Trump! He and the Saudis and Putin are like 'family'.....

[@woxyroxme]

Americans have not learned or are too young to remember but every Karen drives a giant SUV, and every dime store cowboy drives a pick em up truck. Americans should have been driving tiny vehicles ever since just to screw over the rags.

[@shandoticwa]

14:00 is hell of a guy and spitting out straight truth bombs

[@mysticismofficial5105]

Agreed.

[@shandoticwa]

@Steve Acho I don't get that vibe from him. When did he say that?

[@39PSIOnTheDaily]

@6:03 that hesitation as he steps into a Japanese product, hahahaha. “Here’s a rotary. 18-24mpg. 4 gallons of oil a month though.”

[@sbains560]

Hahahahaha so true

[@subhan7782]

S Bains heres a prius 80mpg no fuel used under 40mph

[@GardenerEarthGuy]

@@subhan7782 Yeah, and you too can be seen driving the most hated car on the internet...

[@subhan7782]

Nah i drive a lexus hybrid

[@wernerbloemwagen6878]

The regular Mazda's like the station wagons and sedans, did not have the rotary engine - those were reserved for the 2 door coupe models with the twin round tail lamps.

[@LeftyStratPlayer]

I was an 11-year-old 5th Grader living in Wichita, Kansas, during the '73 oil crisis, and I don't remember there ever being any gas lines, even/odd days or gas rationing. Although, the school board did lock the thermostats to 60 degrees the following winter, and that didn't last very long after the parents started raising merry hell about their kids freezing. Also, Kansas was the very last state in the union to capitulate to the ridiculous 55 mph national speed limit.

[@tammystansell406]

I was 9 at the time. I remember my parents telling us we couldn't put up our Christmas lights because the president was asking for our help to conserve energy so people could have heat. I remember odd even gas lines too...we were in Florida.

[@ericpetersen8155]

I was 7 and remember the odd even days. Was tough on my parents

[@Losttouchjs]

The Stock Market always wins.

[@criessmiles3620]

Deja vu Cheers from west Africa 🦅

[@alexm566]

This Thunderbird has more features than my 2015 Civic. Even the cruise control, Civic can't do it downhill :/

[@seana806]

The Thunderbird had lots of features that came as standard equipment around this time, basically the Thunderbird was a Continental coupe that was a little more in reach to the middle class but even then, it would have been on the expensive side. Even cars like the Ford LTD which was a luxury version of the Galaxie 500 only came with manual windows, seats, AM radio, though air conditioning, power brakes, and power steering did come as standard. The Galaxie 500 simply had less chrome but otherwise looked nice from a distance.

[@LETMino85]

Americans being empathetic to other nations? Not hyper patriotic??? WOW! What happened!?

[@hebneh]

The “luxury features” on the monstrous T-bird are now standard on the cheapest cars today.

[@Alex462047]

50 years later and Americans are addicted to big cars again, with similar fuel mileage to the old land yachts. I did some conversion to l/100km, which means far more to me. My semi truck gets better fuel mileage fully loaded than some of these cars, and it's engine is 15l capacity and was first produced in 1962. It's not a new, fuel efficient design. Staggering. Interesting to note, though, that there are more land yachts left in America than there are old Mazdas.

[@kenbirkin7753]

OIL EMBARGO. my towboat captain was headed to panama from the UK, 70's AT the Bahamas he came across half the worlds fleet of full tankers just going around in a circle, some had been there for a year. THUS it was a fabricated shortage.

[@chubeye1187]

Who filled these tankers up. If you think these cars are thirsty, what's a tanker going to burn in a year

[@JJJRRRJJJ]

I’m just now realizing that gas pump handles haven’t change at all since 1973

[@johanbrand8601]

If it works why change it

[@Civsuccess2]

Now, there's vapor protector.

[@davepetro5676]

I’m watching this and learning from the past and I got more oil tanks installed in my basement and propane tanks on my property and I have plenty fire wood on hand. I made shore i have good for fuel for 2 winter in advance and top off oil at 150 gallons keep 2000 gallons oil now in tanks along 3000 gallons of propane I mostly heat with wood

[@nanangsugianto2839]

Now Thames is take over by National Geographic, but Thames is the legend of Documentary movies

[@kuanged]

Wow if only these Americans would speak some common sense into today's generation.

[@woxyroxme]

As an older American I don’t think that if you combined the younger generations IQ that it would add up to a respectable earthquake. Entitlement mentality will be our downfall, even poor people drive vehicles that drink gas but it’s someone else fault they are poor

[@abc-ni9uw]

Wish I could go back and buy all those bloody cars. On the flip side I feel bad for that baby boy 😓

[@seana806]

Wish I could go back in time to buy many, many cars from the 60’s and 70’s. Even if the 1970’s wasn’t the finest hour of American cars, still could get something decent if you searched. GM and Chrysler was spotty with their quality control in terms of fit and finish in the 1970’s along with using certain components that would fail or work intermittently hence “American cars weren’t reliable” but it they were replaced with aftermarket offerings or replacements that were beefed up, never had problems once to replaces the particular component or module. Ford by far was the best in terms of overall build quality in the 70’s, Rare Classic Cars has even done video segments and comparisons of offerings from GM and Chrysler in the 70’s, even 60’s.

[@hard-wired-g3787]

And in 2017 most gas stations, at least in Los Angeles, get a truckload of gas (9000 gallons) every day.

[@johnaugsburger6192]

Thanks

[@baldy194859]

I remember those days ! they never mention about why people don't keep their cars tuned up, that would help to save gas !

[@thrillbilly2]

Jesus they had some hideous ass cars back then

[@baldy194859]

yep ! back then you could buy a big car pretty cheap !

[@DizzlePR]

Lloyd Dailey well adjusted for inflation not really

[@wernerbloemwagen6878]

Are you praying for them 🙏🙌🙏

[@samk2266]

In this segment of the Wests MSM of the early 1970's, we can see that 'global cooling' was a theme at 7:30.

[@princeofdenmark9142]

Tragic to see such good hard working people come up against the old world.

[@lindataylor6091]

Successful people don't become that way over night. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time.

[@phoebetunbridge2461]

Yeah, I agree with you Mrs.

[@phoebetunbridge2461]

if you want to be successful have the mindset of the rich, spend less and invest more. Don't give up your dreams

[@albinpiotrowski1233]

people come here with the aim of chasing money more than knowledge and that will damage your progress, trust me chase knowledge first and i promise! The money will follow you

[@waynejulien3718]

@@albinpiotrowski1233 that very correct sir!! And that is why most of them end up losing their money to scammers

[@rosettasuda9227]

People want to do what the 99% does but wants to get results that are fit for the 1% but doesn't work that way

[@stevensteven2227]

11 22 she”s a looker.

[@DiscoFang]

But she's a worker & a breeder. "We need to make us some more farm-hands Jethro."

[@ZeeGhost713]

I thought that was ay guy for a second

[@robertclark4929]

@juan jose aranda BARF

[@Perkelenaattori]

The dude in the cowboy hat probably spoke to my grandfather who said "Remember that someone's going to fuck the ugly ones anyway so might as well be you."

[@suckthis1152]

I thought she was his son lol

[@RonJohn63]

My grandmother owned a 1973 Lincoln Continental for almost 20 years.

[@edgarverabarrios3972]

That´s why one alternative is the diesel to vegetable oil conversion for trucks and cars.

[@TheOzthewiz]

OR E85 !!

[@optimisticfuture6808]

This is fascinating. I remember the 70’s to early 80’s the economy was horrible. Who would have imagined the world would gain so much wealth and resources, etc. makes you wander what40 years from now might bring.

[@gurjotsingh8934]

Total collapse, nothing less.

[@hpiccus]

Well, we're gonna have an economic crisis later part of 2022, followed by huge government spending, reshoring of industrial production, and infrastructure construction, which will produce a booming government sponsored economy in 2024 until around 2030. After 2030 we will likely fall into a great depression.

[@jakeh7148]

@@hpiccus Yeah, Humphrey, you sure know what’s gonna happen. Go ahead and keep your money under your mattress, or in the bank 😂

[@gillwil]

@@jakeh7148 or we could be dead from..starvation...and cold with no fuel..

[@drscopeify]

@@hpiccus Economic crisis in 2022 was HORRIBLE man, how did you make it out alive? OK OK jokes aside got to love stumbling on to old comments

[@brianmarshall4753]

I remember This week the current affairs programme on every Thursday night on ITV

[@danwall6662]

A taste of things to come.

[@alexisbenitez2239]

“Where am I gonna get the gas from” “There’s a big tank in the back”

[@operator91210]

I love big those old domestic cars but if there's a fuel shortage priorities change and I'm going to a smaller car. They literally handed the consumers over to the imports.

[@rm2ken]

I was in Vietnam. Didn't even know about it until I got back.

[@chargermaster586]

?, ?, oh grow up he had no choice other wise prison time don't blame him blame the president of the United states during the Vietnam era.

[@chargermaster586]

?, ?, Well that's what the United state army always does and now that president trump is in office saying he has a bigger nuclear button on his desk then kim john un he is just playing with a tiger behind a cage waiting for world war 3 or a nuclear war with North korea no wall or anything will protect him from nuclear war i had a military officer talk to me last week and told me our army will make North Korea cry um no they will destroy us we will cry not them.

[@callisto3605]

In early 1973 Us combat troops had already withdrawn,what were you doing still down there,either and adviser to the ARVN or employed at the embassy or you're lying.

[@KeithsReviews]

Thank you for your service. God Bless America and MAGA2020

[@ryoamora8655]

@@KeithsReviews more like FAGA2020

[@ahah1785]

This guy at 16:00...is what i miss about the past. Honest and no bullshit or snaking around. Nobody gives a damn about anyone or anything today...=(

[@xrawgoldx5414]

Summer 2022. Cant wait 🤗

[@fdk7014]

18-24 mpg was great mileage back then!

[@znentitan4032]

11:45 "I just couldn't imagine something like this would happen in America" Just wait until 2020.

[@michaelweizer7794]

Zen Titan

[@Eric345]

Yep, Americans are in for a rude awakening. 😔

[@michaelweizer7794]

@@Eric345 And nowdays they just sit up and take it like the dumb sheeple that the liberal shitass media wants them to be!.

[@EuropeanQoheleth]

and 2021 with the insurrection at the capitol.

[@firstevidentenigma]

@@EuropeanQoheleth Jan 6 wasn't an insurrection. The fall of Kabul was an insurrection.

[@michaeltipton1919]

The sad part is is it didn’t have to be that way, self inflicted.

[@ready4sea301]

This was a scary event. Equally scary was the fuel shortages of 1979. Then the federal government finally listened to its economists and removed the price ceiling on gas. The president warned us that the price would soon shoot up to over a dollar per gallon. We trembled with fear. As the market took its rightful place in the process, gas did indeed shoot up as predicted but the shortages ended immediately. **Poof!** So people have since had to cope with prices but never have they had to do without from a supply perspective. Drive smaller, drive less, etc yes but it is available 45 years later. Today the government continues to trip over itself, pandering for votes with policies that ignore the potential side effects. Everyone in government should be required to take economics and other business courses along with learning a strategy discipline that goes beyond simply doing what it takes to get re-elected. Which reminds me. There should be term limits in Congress and the Senate so the electorate is in a better position to do the right thing and not wind up in bed with the wrong people.

[@marvelousmarvyn]

What's Garth Merenghi doing selling Ford Thunderbirds in 1970's USA?

[@AgentSmith911]

I drive a Toyota Avensis wagon with a 2.2 L diesel engine with 177 hp and 400 NM (295 ft lbs) torque and only use 5 L/100 km which equates to about 47 MPG.

[@AgentSmith911]

@@basshead. I've ran it for about 260 000 km now and have had no problems with it. It's also chained which add the to great reliability. As long as I keep maintaining it well, there's not gonna be any issues and there haven't been any either.

[@AgentSmith911]

@@basshead. lol you're just mad your BMW engine blew up after 35k km 😹

[@AgentSmith911]

@@basshead. Nah, not even close. Just like all BMW engines, oil leaks and blown/worn out head gaskets are an issue far too many beemer boys are familiar with. Toyota make the most reliable cars and engines, fact.

[@AgentSmith911]

@@basshead. Bull shit, the 2AD-FHV which I have is amazing. Might not be the most environmentally friendly, but very durable and reliable. Only thing to worry about is a clogged DPF and EGR valve, but that's not really an engine issue.

[@AgentSmith911]

@@basshead. Oh I feel very good about myself, not so sure about you though lol

[@garywinterbottom4930]

Thankfully petrol is starting to come down from 185 a litre to 172 last time i filled my 4x4 which averaged 28mpg in town.

[@hpiccus]

November of 1973 . Things got worse over the following twelve months before they got better. After the worst of it, a year after this video was made, things got sustainably better.

[@hpiccus]

@Jake H my comment was about history - not about was is going to happen .

[@Nine-Signs]

Given capitalism roughly doubles the consumption of resources over every 30 year period and given geologist Dr Marion King Hubbert predicted this in 1956 and was spot on, this was not unforeseen, nor out of the blue, nor unexpected by many scientists and economists.