President Ford signed the Energy Policy and Conservation Act into law authorizing the creation of the Strategic Petroleum Reserve.
The move was emphasized by a terrorist raid led by Carlos the Jackal on OPEC headquarters the day prior.
Of interest, I suppose, Carlos, Ilich Ramírez Sánchez, is Venezuelan. A radical Marxist originally, he converted to Islam while in prison, where he remains, in France.
Time ran an expose on J. Edgar Hoover, who was receiving a lot of negative press.
Chevy Chase was on the cover of Newsweek.
I've never thought Chase was the slightest bit funny.
On this day, I would have been enjoying my first day off from school for Christmas Vacation in 1975.
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