In their January 6, 1975 issue, Time Magazine declared Saudi Arabia's King Faisal "Man of the Year" because of his role in the recent oil crisis. As Time's editors put it, he "was a principal factor in the quadrupled price of oil and now holds more power than any other leader, power to lower them or raise them anew".
Also in January of 1975, Tower of Power released Urban Renewal, perhaps their finest and funkiest album. The lead off cut, "Only So Much Oil in the Ground", is a smart reminder today even as oil prices crash worldwide. Enjoy it while it lasts, motorists, it can only be temporary.
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