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#004 Former Assistant Treasury Secretary Gerry Parsky on Lessons from the 70s and Parallels to Now

The Julia La Roche Show

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The Importance of Energy Independence

In 1973, President Nixon created the federal energy office by executive order. The Arab oil embargo was lifted in April of 1974. I traveled lots of the Middle East because Henry Kissinger believed very strongly in interdependence with the countries around the world. It was a way of becoming more interdependence so that something like the embargo could be curtailed in the future.

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