why woulitndonthe stability of the gold stanrd?re t gat war the go standard symbolized stability and prosperity and the britispound was considered "as good as gold." but in 1925, parliament set the exchange rate of tound for gold beyond its real value. as a result, british goods became more expensive -- exports declined factory workers were laid off. england's economy began to unravel. in 1931, the governmentollapsed. a new govement broke with tdition. england went off the gold staard and devaed theound sacrificing internatiol status for domestic recovery. but for the rest of the world,the financial percussions weretaggering. [ shou in french ] newsreel announcer: the shouting of frantic brokers reflects the deluge of wires from all parts of the globe. what is the pound worth today? schoumacher: with the stroke of a pen those european banks which had been holding pounds lost millions. reacting to what he called the "earthquake in europe," president herbert hooverproclaimed america's steaastness to the gold standard. but despite off

the energy policy conversation act of 1975 where we discusd importantly we haveo drs vehie stanrds energyfficienes and t strategic petroleum reserve. the next congres ddresses the exportissue should there be an fort to address the other sections likethe strategic peolm resee? i think we are in transition when it com t oi an that habe very obvus d so oil policy,ney policy is going t be animportant w apr that follows at. >> the sategic petroleum reserve ijust et of where i li isoutheast exs and it's impoant buagin if we are producing whate ealthoug we are still ot producing enou o for our own consumption mainlyecausef the types of o whave. like sd earlier he refinees that i represend over the years have en retooledo do the heavier cre. d it wuld take billnsf dollars to go ba to do the lighrsuit and justli it's an inestment decision f that pps. in youteimy you discuss vironmtal ss d stated earlieryu have seen conflicting ticles discussing s.efined productxports. as u.. refined proc better or wor of e product rrently consumed in other pas the world? we produce gasoline or dies better than ind