The Misguided State Of America's Energy Policy

Law360, New York (December 18, 2013, 8:31 PM EST) -- This October marked the 40th anniversary of the 1973 Arab oil embargo during which the members of the Organization of Arab Petroleum Exporting Countries cut off American oil supplies in response to U.S. support of Israel during the Yom Kippur War.

The embargo led to widespread shortages of crude oil and gasoline in America, resulting in a barely contained panic throughout the increasingly oil-dependent United States. Before it was over, President Richard Nixon and Secretary of State Henry Kissinger attempted to implement various plans to secure...
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