Under the leadership of the United States, the 21 members of the International Energy Agency took collective action to ensure that the oil shortfall stemming from the Iran-Iraq war would not be aggravated by competition for scarce spot market supplies.
"State of the Union Addresses of Jimmy Carter"
Jimmy Carter
And every year afterward will bring a new shortfall, bigger than the year before.
"Complete State of the Union Addresses from 1790 to the Present"
Various
For example, in the year 2027, the government will somehow have to come up with an extra $200 billion to keep the system afloat - and by 2033, the annual shortfall would be more than $300 billion.
"Complete State of the Union Addresses from 1790 to the Present"
Various