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However the ensuing oil scarcity quickly became an oil glut. The trouble took on new urgency with the onset of one other vitality the 1979 crisis, when the Shah of Iran was overthrown deposed by a fundamentalist Ayatollah who reduce off the nation’s oil exports and held People hostage. A Congressional response to the vitality crisis, this legislation mandated specific mpg targets for all automakers selling within the U.S. Nevertheless, the law provided credit for exceeding a given year’s target that could possibly be used to keep away from or scale back penalties for non-compliance in another 12 months, past or future. Companies whose “fleet average” fell beneath a yearly goal were fined a set number of dollars for every 0.1-mpg infraction, multiplied by whole sales for that mannequin year.
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