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What a difference a quarter century--and a President--makes
"I want to have an unpleasant talk with you about a problem that is unprecedented in our history." Relax -- that was Jimmy Carter, 24 years ago. The energy talk we're going to have today is far more pleasant and optimistic, about a problem that is no longer unprecedented.
In the early '70s, Americans lined up for gasoline the way Eastern Bloc citizens stood in line for toilet paper. OPEC imposed an oil embargo against the U.S. and Americans faced their first modern energy shortage. OPEC ended its embargo in 1974, but government controls on the production and pricing of oil and gas brought ...