Hakes deftly intertwines the domestic and international aspects of the long-misunderstood fuel shortages that still affect our lives today. This approach, drawing on previously unavailable and inaccessible records, affords an insider's view of decision-making by three U.S. presidents, the influence of their sometimes-combative aides, and their often tortuous relations with the rulers of Iran and Saudi Arabia. Hakes skillfully dissects inept federal attempts to regulate oil prices and allocation, but also identifies the decade's more positive legacies-from the nation's first massive commitment to the development of alternative energy sources other than nuclear power, to the initial movement toward a less polluting, more efficient energy economy.
The 1970s brought about a tectonic shift in the world of energy. Tracing these consequences to their origins in policy and practice, Hakes makes their lessons available at a critical moment-as the nation faces the challenge of climate change resulting from the burning of fossil fuels.