this first oil crisis shook the naon's economictructure. where were american oil producers? kerridge an economist from the hughes tool company, explai. the price of oil-- a critical factor in the incentive to dril- had been very stable through 1971. as inflaon acceleratedin ts country about 1965 this meant that in terms of purchasing power the real price ooil was declining. there was lessncentive to ill. illing activity clinedy abou70% from the '55-'56 period the low point1971 when fewer than 1,000 rigs rainhenited states. from '51 or '5to '73 the dollar number was $3.25 for west texas crude. your purchasing power, of course, decreased all that time, and the costs obviously escalated during that 22 years. the american oil industry had other problems. to curb inflation, price ceilings were set in 1971 by the nixon administration. james scesinger, the nation's first secretary of energy. ife attempted to control the price of oilr tural gas based upon the assumion at a5%ate of returwas the ceiling because there areso many ilures, dry holes, we would discover that it would not ha

this idea of naon parks. truth of the matter is the government shutdown, the last one we saw was 17 years ago. they're a rare phenomenon. it didn't even matter in this particular shutdown. we saw the privateparks that werelosed down with the government shutdown like the parking lot of mount vernon. i wouldn't matter. >> the natnal parks go back a long time, back to tdy rose vent. >> i wasn't -- teddy roosevelt. >> i wast around them. the u.s. forest service, the budget has been axed but they haven't closed any parks because they have over 1,000 parks that are run by private operators. rick wi hve a heart attack the capitalists are coming but they don't own the land. they charge lower fees to get in. listen, they lot of capital expenditures here. use the money to fix up the park, not clean out the bathrooms. >> farming out the duties of the park. >> i was around when teddy roosevelt s a >> what do you think of mike's idea? >> these are national pas. i don't understand how you can show concern aut talk about th

starts its seventh day, republicans say there won't be an end to the standoff or an increase in the naon debt limit without negotiations. >>> race car wreck. an indycar driver and racing fans are hospitalized after a dangerous crash on the track. >>> and a good samaritan speaks. the man who helped stop a road rage beating said he had to step in. >> i said, that's it. there was more comment. i said, that's it, guy, let it go. let it go. captioning funded by cbs >>> this is the "cbs morning news" >>> this is the "cbs morning news" for monday, october 7th, 2013. good morning. good to be with you. i'm anne-marie green. the united states is hoping a terror suspect captured over the weekend will provide valuable intelligence about al qaeda's operation. he was taken into custody in tripoli, libya. that was one of two raids by american special forces on saturday. the other targeting a suspected terrorist compound in somalia. jericka duncan is here in new york with that and more. good morning, jericka. >> good morning, anne-marie. the results of those raids appear to be mixed. it's unclear if the

starts its seventh day, republicans say there won't be an end to the standoff or an increase in the naonebt limit without negotiations. >>> race car wreck. an indycar driver and racing fans are hospitalized after a dangerous crash on the track. >>> and a good samaritan speaks. the man who helped stop a road rage beating said he had to step in. >> i said, that's it. there was more comment. i said, that's it, guy, let it go. let it go.