The Politics of Energy Crises

Energy crises, which amount to painful combinations of energy shortages and soaring prices, have struck the United States several times in recent decades. Each time they have resulted in political and economic shockwaves because, when gasoline becomes more expensive, the American public tends to react with anger and suspicion. Energy crises instantly put related issues at the top of the nation's agenda, sometimes with dramatic consequences for public policy. What can we learn from recent hi...