January 2nd, saw the enactment of a bill mandating the lowering of the national speed limit to 55 mph, in an attempt to conserve gasoline during an OPEC embargo. Who was the president that signed the bill?
History of the United States (1964–1980) cut production and laid off workers. No single factor did more than the oil embargo to produce the soaring inflation of the 1970s, though this event was part of a much larger energy crisis that characterized the decade. The U.S. government response to the embargo was quick but of limited effectiveness. A national maximum speed limit of 55 mph (88 km/h) was imposed to help reduce consumption. President Nixon named William E. Simon as "Energy Czar", and in 1977, a cabinet-level Department of Energy was created, leading to the creation of the United States' Strategic Petroleum Reserve, not a new
Lowering Gasoline Prices to Fuel an America That Works Act of 2014 Lowering Gasoline Prices to Fuel an America That Works Act of 2014 The Lowering Gasoline Prices to Fuel an America That Works Act of 2014 () is a bill that would revise existing laws and policies regarding the development of oil and gas resources on the Outer Continental Shelf. The bill is intended to increase domestic energy production and lower gas prices. The bill was introduced and passed in the United States House of Representatives during the 113th United States Congress. The administration of President Barack Obama delayed the sale of some oil and natural gas sales off the coasts