energy security – Knowledge Problem

On Trump’s Energy Policy: Big Players Are Bad News for Energy Policy

Energy markets, Environmental policy, Politics, Regulation / By Michael Giberson

My commentary, “Trump’s policy may undermine pro-growth intentions,” appears in the October 2016 issue of Nature Energy. Here is one of my favorite parts: Trump’s emphasis on energy independence, in North Dakota and elsewhere, has been common among both Republicans and Democrats. President Richard Nixon declared energy independence a priority in an effort to blame the Organization …

On Trump’s Energy Policy: Big Players Are Bad News for Energy Policy Read More »

Politicized Implementation of U.s. Oil Import Quotas, 1959-1973

Economic history, Energy markets, Politics / By Michael Giberson

The oil import quota system in place from 1959 to 1973 restricted imports to an amount equal to the difference between the federal government’s estimate of domestic oil demand and the estimate of domestic oil supply. But, of course, nothing in industry-protection policy can be easy, so the policy contained a number of adjustments and …

Politicized Implementation of U.s. Oil Import Quotas, 1959-1973 Read More »

“In the Spirit of Apollo, with the Determination of the Manhattan Project”: Nixon’s Project Independence

2 Comments / Economic history, Energy markets, Politics / By Michael Giberson

When Arab oil exporters imposed their embargo on the U.S. and the Netherlands in October 1973, George Schultz noted that the United Kingdom and France faced hardly any problem accessing crude oil supplies.Schultz was Secretary of the Treasury at the time and had earlier been in charge of Nixon’s Cabinet Task Force on Oil Import …

“In the Spirit of Apollo, with the Determination of the Manhattan Project”: Nixon’s Project Independence Read More »