Most Americans now date the nation's current, unsolved energy problems back to 1973-the time of the Arab oil embargo, OPEC price increases, and gas lines. Yet both the long-term question of
U.S. energy supplies and the much-debated remedies of the 1970s surfaced repeatedly in Washington after World War 11. The failure of successive Presidents and Congresses-from the Truman days through the Carter era-to devise a coherent na- tional energy policy is a complex political story. Duke econo- mist...