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IN the 70's the 55 mgh speed limit was in response to a serious oil shortage due to an oil embargo. We really were running out of oil that we needed for more important things than driving around. Remember that there was no strategic oil reserve back then and the country was basically living from week to week between oil shipments.
Today there is no oil shortage - it's just expensive. It seems to me that price is a much better way to control consumption. Traffic in my area has dropped considerably since gas hit $4 per gallon. I don't see as many SUV's and large pick-ups driving around or in parking lots. I see many more bicycles and scooters. None of those things would be promoted by a 55 mph speed limit.
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