“Joel Jacobson, the New Jersey State Energy Commissioner, wrote in the New York Times on January 11, 1981, ‘The blunt fact is that the gasoline shortage of 1979 was caused by an industry that manipulated production and marketing on near side of the supply-demand equation; contrived artificial shortages via a host of innovative ruses; stimulated panic-buying, which has inured the motorist–so grateful for his gallon of gasoline–to the meteoric rise in prices and profited handsomely as a consequence.’ The high gas prices and long lines of the two crises marked the beginning of the end for the Carter administration.”
– Antonia Juhasz, The Bush Agenda, Pages 155-156