In the late 1970s, our energy outlook was not looking good. Over six years, gas prices had tripled and there were shortages and long lines at the pump. It appeared that we were at the mercy of OPEC (Organization of the Petroleum Exporting Countries). Experts predicted that we would be out of oil soon, perhaps as early as 1990. Man-Made Crises or Man-Fabricated Crises? The gasoline shortage was just part of the story of gloom and doom we heard on a regular basis. Stanford University professor … [Read more...]