What Does Exempt Mean, Anyway? Fund Forum Five years have passed since the imposition of new requirements for Exempt Reporting Advisers under the Dodd-Frank Act.
Forty years ago, gas shortage hit hard. Fred Norris remembers well the gas shortage of 1973. He was owner of Norris Brothers BP on Alamance Road in Burlington. It was a mess, Norris said, recalling peoples reactions to not being able to fill the tanks of their beloved Furys, Impalas, LTDs and other big rides.
Gas stations served by appointment only to regular customers, or closed altogether. Businesses and towns were shutting off electricity to save energy. Some towns even banned Christmas lights to cope with the crisis. By January 1974, world oil prices were four times higher than they had been at the start of the crisis.