Editorial: Clarity from crisis

06/27/2005
Clarity of US thinking about energy occurs most often during crises of supply. A case in point is the Trans-Alaskan Pipeline System, which since its opening in 1977 has made as much as 2 million b/d of North Slope crude available in the Lower 48, California in particular. It took a supply crisis, the Arab embargo of 1973 with its consequent doubling of oil prices, to push the pipeline past political opposition that had blocked its construction for 3 years. In other words, it took a supply crisis of historic proportions to convince the US of its subsequently well-demonstrated need for Alaskan oil.Clarification on that order of US thinking about energy would be useful now. And fate might ob...
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