ELECTRICITY IS THE ESSENTIAL FIRST INPUT TO A MODERN ECONOMY

Mobilization of International Regulators – global climate change legislation

Rural Electrification Administration under the authority of the Emergency Relief Appropriation Act of 1935.  Electric cooperatives.

World Bank – Rural Electrification

1973-1974 – Oil Shock, not due to shortage but due to U.S. support for Israel – emergency assistance due to the Yom Kippur War.  The oil embargo was due to that – not an oil shortage.   Bretton Woods agreement pegged gold at $35.00 per ounce.  End of the Gold standard for the dollar decreased the value of the dollar.