Watching Government: Politics imperils needed data

10/21/2013
The 40-year anniversary of the 1973 Arab oil embargo's beginning has made many energy community members consider progress that has made in the time since—and how many underlying problems remain unsolved. Western industrialized nations could not ignore Arab producing countries' willingness to use a cutoff of their exports as a weapon during the Yom Kippur War. The supply interruption quickly doubled retail gasoline prices. Consuming countries' governments understood that long-term heavy reliance on imports from politically unstable regions was a bad idea. Many early responses unsuccessfully focused on controlling prices and managing supplies. Consuming nations also formed their own allianc...
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