Interesting. The erratic oil market is likely why several major car brands have pledged to go exclusively electric by 2030. I‘ll hope for a production scaled long range/fast charge/affordable BEX sometime between now and then Or a fully enclosed Arcimoto FUV. I’ll be 83 in 2030 and most likely require the autonomous drive Option. Most members here, if not all, have little interest in electrics, but EVs seem to be the future.And that could easilly be the case, given there is no competition in this unique category, and considering the current oil production insecurities...
Consider the following stats and historical details;
(and the possiblity of getting even a small percentage of the numbers shown below)
See how charts below match up to the time-line of geo political oil issues down farther.
As best I can detect, Ford Fiesta from 1976 to 1983 directly competed with and strongly offset other sales in this category.
My own family bought two of them in those years. And they also bought a Ford Cortina earlier in the 70's, that also competed.
View attachment 25663
1980 marked the end of the Pinto's production run to make way for its replacement, the front wheel drive Ford Escort, which largely overtook the role of the European-imported Ford Fiesta as the smallest vehicle in the Ford model line in North America. Successor to the Ford Escort? Ford Focus.
American Oil Production Decline;
By 1969, American domestic output of oil was peaking and could not keep pace with increasing demand from vehicles. The U.S. was importing 350 million barrels (56 million cubic metres) per year by the late 1950s, mostly from Venezuela and Canada. Because of transportation costs and tariffs, it never purchased much oil from the Middle East. In 1973, US production had declined to 16% of global output. Eisenhower imposed quotas on foreign oil that would stay in place between 1959 and 1973. Critics called it the "drain America first" policy. Some scholars believe the policy contributed to the decline of domestic US oil production in the early 1970s.
1973 Oil Crisis;
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries led by Saudi Arabia proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States with the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US$3 per barrel ($19/m3) to nearly $12 per barrel ($75/m3) globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock".
1979 Oil Shock;
The 1979 Oil Crisis, also known as the 1979 Oil Shock or Second Oil Crisis, was an energy crisis caused by a drop in oil production in the wake of the Iranian Revolution. Although the global oil supply only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m3). The spike in price was connected with fuel shortages and long lines at gas stations similar to the 1973 oil crisis.
1980's Oil Price decline;
In 1980, following the onset of the Iran–Iraq War, oil production in Iran fell drastically. Iraq's oil production also dropped significantly, triggering economic recessions worldwide. Oil prices did not return to pre-crisis levels until the mid-1980s.