The November 1973 Arab oil embargo signaled a dramatic end to the days of cheap and plentiful energy that Western society had enjoyed for so long. In spite of its initial shock and trauma, the real significance of the energy crisis has gone unnoticed. Contrary to popular belief, it is not exclusively a problem of dwindling petroleum supplies. As this article will show, America's present energy problems didn't happen overnight, but were the direct result of years of waste, greed, and negligence on the part of our major private corporation and public institutions, and the American people.
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