I don't know  how I got onto it (I'm sure there was a reason), but somehow I found  myself looking at Oscar nominations for Best Original Songs; from  the 1970s, of all things!  I ended up listening to all the songs a  bunch of times, and ranked the best.  Enjoy.
The Best 1970s Oscar-Nominated Songs  
#666  "Ave  Satani" (THE OMEN, 1976) - Dark and Gothic, this music sets  the perfect tone for the film, and somehow turns a movie about Satan's  son from farce to really creepy.
#`20 "Theme  from Shaft" (SHAFT, Won  for 1971 ) - Before he was Chef, Isaac Hayes put himself on the map  with this funky testament to Utterly Cool.
#18  "The Morning After" (THE POSEIDON ADVENTURE, Won for 1972) - Why have I  never heard of Maureen McGovern before compiling this list? She had 3  songs nominated in the decade!
#18 "Blazing  Saddles" (BLAZING SADDLES, 1974) - Dude, not only was his  name Bart, he conquered Fear AND he conquered Hate. Whoa!
#17  "The Last Time I Felt Like This" (SAME TIME NEXT YEAR, 1978) -  Otherwise known as "the movie that single-handidly killed Alan Alda's  film career."
#16 "Last Dance" (THANK GOD IT'S FRIDAY, Won for 1978) -I was talked into this entry at the last minute on the strength of how important it is to the film. You owe me, Donna Sumner!
#15 "Through  the Eyes of Love" (ICE CASTLES, 1979) - For some reason I  always get ICE CASTLES and ICE PIRATES confused. I think what I'm trying  to say is that the world is crying out for a movie about ice-skating  pirates. DON'T EVEN PRETEND YOU WOULDN'T WATCH!. (By the way, not only  the song but the entire movie is a panty-dropper, fellas. Even a  hard-core goth chick can't resist the combination of of ice-skating and  Robbie Benson. You're welcome.)
#14  "Ready to Take a Chance Again" (FOUL PLAY, 1978) - Barry  Manilow sang this Romantic ballad for a movie starring Chevy Chase. Feel  the testosterone! Is it any wonder co-star Goldie Hawn hooked up with  uber-stud Kurt Russell not long after? 
[NOTE: if you look at this list, you'll notice I only have 4 of the 10 Best Original Song winners from 1970-1979. This is because I looked at the 50 nominated songs was a set without regards to who won. I listened to every song at least twice, and the ones who made the list usually 4-5 times, to get my order right. You may not agree with me, but I thought about it a lot. As for Barbara Streisand's two winning songs not included - they suck. Yes, I'm a longtime Streisand hater, but you put personal feelings aside for Official Lists. I acknowledge she can sing, but those two songs - "The Way We Were" and "Evergreen" - I'm sorry, but they are terrible. The only way I can figure they were nominated and won was because of Streisand's star power. Okay, enough banality - back to the List.]
#13 "Nobody  Does It Better" (THE SPY WHO LOVED ME, 1977) - How can you  not love a movie that gave us Jaws? Carly Simon, who's more Cher than  Cher ever was, is sensational here.
[Since when am ever going to talk about Carly Simon  again? - I wanted to point out something: last week it was revealed that  the subject of "You're So Vain" was NOT Warren Beatty, Mick Jagger,  Kris Krisopherson, David Bowie, David Cassidy, Cat Stevens, James Taylor  or any of many other possibles, but of all (questionably herterosexual  people) David Geffen, supposedly because (ironically) Simon was jealous  of the attention the record mogul lavished on Joni Mitchell. Carly  denies this, but it does not change my point: "You're So Vain" is now  over 37 years old, and in all that time there continues to be a  never-ending supply of plausible candidates. I'm not trying to cast  aspersions here, but Miss Simon really enjoyed living her life, n'est pas?  Okay, back to  the list.]
#12 "Theme  From Mahogany (Do You Know Where You're Going To)"  (MAHOGANY, 1975) - Diana Ross is a poor black girl who becomes a  successful Rome Fashion Designer. Essentially the same movie as DANCES  WITH WOLVES.
#11 "Strange  Are the Ways of Love" (THE STEPMOTHER, 1972) - I can  discover virtually nothing about this movie other than a thin plotline  from IMDB: "As part of a blackmail plot, a woman is forced to seduce her  new husband's son. Complications, including murder, ensue." That's the  best description of incest and murder I've ever heard: Complications ensue. Nobody  could have seen that coming! 
(Has anyone watched tihs movie? The song is haunting, but  I just found out Larry Linville is in it. Ensuing complications AND  Major Frank Burns?  I have to see it now.)
#10 "Whistling  Away the Dark" (DARLING LILI, 1970) - Let no one say I do  not give Julie Andrews her due. She's surprisingly effective as  "sultry," and when she twirls around she almost went from beautiful to  sexy. Almost. 
#9 "Ben"  (BEN, 1972) - The song firmly established Michael Jackson as a solo  artist, and while at first glance the lyrics seem genial enough (about  friendship), things take a slight detour when you learn that BEN is a  horror movie (a sequel, no less!) about a boy and his killer rat.  
(Side note: the song was initially written for Donny Osmond, who wasn't able to record it. I can't think of two artists more qualified to sing a sappy ballad about a boy's love of his pet rat.)
(Side note: the song was initially written for Donny Osmond, who wasn't able to record it. I can't think of two artists more qualified to sing a sappy ballad about a boy's love of his pet rat.)
#8 "Live  and Let Die" (LIVE AND LET DIE, 1973) -  Someone get ready  to give Jeff Henderson smelling salts, but I think the  Guns 'N' Roses  version is better than Wings'. The song reunited  McCartney with  long-time Beatles producer George Martin, who later said  working with  Paul inspired him to create Joffrey Baratheon. 
(Maybe 6 people  in the world got that joke, but those  who did undoubtedly pissed  themselves. Don't you feel left out of the  pee-fest? No? Fine, let's  just move on.)
#7 "Hopelessly  Devoted to You" (GREASE, 1978) - This  song is great from an  irony standpoint, but how does it get nominated  over "Summer Nights," a  culturally iconic song that happens to feature  one of the most concise  and profound "Anthropological Biological  Determinism" (Anthrobiominism)  treatises of our time.
(What, pray  tell, am I talking about? Fine, since you  asked nicely. Here's the  lyric: [Everyone] "Uh Well-a well-a well-a  huh....[Guys] Tell me more,  tell me more...Did you get very far? [Girls] Tell me more, tell me   more...Like, does he have a car?"  Fifty thousand years of human   development summed up in 11 words. BEAT THAT!)
#6 "You  Light Up My Life" (YOU LIGHT UP MY LIFE, Won for 1977) - The movie  version was sung by Ukranian sensation Kasey  Cisyk and not Debbie Boone (who won a Grammy for it the same year).  The Oscar, however, goes to the songwriter, in this case the Director  of the movie, Joseph Brooks, who is (I swear I'm not making this up)  currently awaiting trial on 91 counts of rape and sexual abuse. 
(Allegedly Brooks lured women to his house to audition  for movie roles, what's known in the business as "Casting Couch"  situations. If you think I haven't spent the last 20 minutes trying to  come up with a "You Light Up My Life" joke here, you don't know me very  well.)
#5 "Love"  (ROBIN HOOD,  1973) - Okay, this song is probably 8 spots too high, but  in part my  ranking comes from what SHOULD have been nominated from THE  most  underrated Disney movie - that is to say, "Not in Nottingham," or   at the very least "Oo de Lally" or "The Phony King of England."
(By the way, if you've ever wanted to hear "Not in Nottingham" in Swedish - and you know you have - here it is. Think of a Depressed Swedish Chef in place of the normal Rooster voice.)
#4 "I'm  Easy" (NASHVILLE, Won  for 1975) - If ALMOST PERFECT is the most underrated movie of the  2000s, NASHVILLE is possibly the best movie about music ever, and  certainly the best American movie you have never seen. "I'm Easy" was  written and sung by Keith Carradine, who later on would play Wild Bill  Hickok in Deadwood and kicked ass as an FBI agent on Dexter as well.  That's three moments of  greatness better than most will ever touch.)
[Hard to say whether it passes brother David Carradine,  who got to have explicit sex with Barbara Hershey in Martin Scorsese's  exploitation flick BOXCAR BERTHA, should have won an Oscar as the  titular hippie-gangster in Tarantino's KILL BILL, and of course the  legend that was Kane in Kung  Fu. David still gets the nod, but what an underrated family, right?  By the way, not for nothing, but I don't believe for a minute that  David killed himself in Thailand. You can't tell me it wasn't one of his  Kung Fu enemies. (Actually, more likely 20 of them, to take down Kane.)  For that matter, does Uma Thurman have an alibi?]
#3 "Gonna  Fly Now" (ROCKY, 1976) - One of the Top Ten movie anthems  ever, maybe Top Five. Clearly the track that should have been nominated,  but seeing as how the 1976 winner was the excreable "Evergreen," I wish  they also would have nominated "Take You Back" or "You Take My Heart  Away," both from ROCKY. Listen to that theme; don't you want to eat a  raw egg and go jog around Philly?  Me too!
#2  "For All We Know" (LOVERS AND OTHER STRANGERS, Won for  1970) - If your life depended on it, AND YOU ONLY HAD 30 SECONDS TO  THINK ABOUT IT, give me your Mount Rushmore of BEST Female pop voices.  I'm sure ten minutes from now I will be kicking myself, but based on my  gun-to-your-head criteria, I will take Joni Mitchell, Whitney, Mariah,  and Karen Carpenter. Sorry Norah, Aretha, Beyonce, Alanis, and Dusty:  that's my Mount Rushmore.  Wait. does jazz count as pop?  Billie!!!!!!   Acccccch!  Okay, scratch that. Drop....Damn.  Um, let's come back to  that another time or else I will spend the next 23 days paralyzed;  trying to come up with an answer. 
and the number one Song nominated for an Oscar in the  1970s is.....
#1 "The  Rainbow Connection" (THE MUPPET MOVIE, 1979) - Arguably the  greatest movie song of all time. Sheer perfection. What else is there to  say? 
Who said that every wishWould be heard and answeredWhen wished on the morning star?Somebody thought of thatAnd someone believed itAnd look what it's done so far.
Hyperion
March 5, 2010
Endnotes
Before you ask - songs from previously recorded material are ineligible. That's why "Sunrise, Sunset" wasn't nominated, Mom, so quit bugging me.
I collected all 21 of my choices on YouTube - you can listen to the entire songlist here.
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