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This topic comprises 3 pages: 1 2 3
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Topic: "King Kong" will be three-hours.
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Dave Williams
Wet nipple scene

Posts: 1836
From: Salt Lake City, UT, USA
Registered: Jan 2000
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posted 10-31-2005 11:23 AM
quote: Bobby Henderson Didn't "Star Wars" hit theaters during some of the Arab oil embargoes? The late 1970's wasn't exactly a great time for gas prices. And that's when the so-called "summer movie" model was born.
The well known oil embargo occurred during 1973 and 1974. Star wars was released in 1977.
Oil prices that spiked from the embargo leveled in 1976, and did not have a major spike again until the end of 1978.
Fuel rationing, which was actually caused by the US governments implementation of price controls on old oil, while allowing new oil to be priced by the oil companies, a move intended to create new exploration, actually backfired resulting in the oil companies withdrawing old supplies from the market.
Rationing was abandoned in 1976 when the prices leveled out on oil supplies from OPEC. (edited to remove brain pan leakage caused by improper information dissemination)
Oil prices peaked in 1981 and began a sharp decline until 1986, where it stayed relatively level until 1998, with one major short spike and decline in 1991. [ 11-01-2005, 12:03 AM: Message edited by: Dave Williams ]
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