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This historical investigation focuses exclusively on American energy policy in the 1970s. Revisiting the last time energy issues came to the forefront of national political discourse, the essays collected here provide new insight into the energy crisis of that decade—insights with clear implications for our present dilemmas.
"A detailed historical narrative of the U.S. energy crisis in the 1970s and how policymakers responded to the turmoil"--
The 1970s were a decade of historic American energy crises—major interruptions in oil supplies from the Middle East, the country’s most dangerous nuclear accident, and chronic shortages of natural gas. In Energy Crises, Jay Hakes brings his expertise in energy and presidential history to bear on the questions of why these crises occurred, how different choices might have prevented or ameliorated them, and what they have meant for the half-century since—and likely the half-century ahead. 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.
This book presents an analytic history of American energy policy, examining policy failures and how the policy process itself leads to failure.
The 1970s were a decade of historic American energy crises—major interruptions in oil supplies from the Middle East, the country’s most dangerous nuclear accident, and chronic shortages of natural gas. In Energy Crises, Jay Hakes brings his expertise in energy and presidential history to bear on the questions of why these crises occurred, how different choices might have prevented or ameliorated them, and what they have meant for the half-century since—and likely the half-century ahead. 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.
In the political economy of energy, World War II was a significant watershed: it accelerated the transition from dependence on coal to petroleum and natural gas. At the same time, mobilization provided an unprecedented experience in the management of energy markets by a forced partnership of business and government. In this 1985 book, Vietor covers American policy from 1945 to 1980. For readers convinced that big business contrived the energy crisis of the 1970s, this story will be disappointing, but enlightening. For those committed to theories of regulatory capture or public interest reform it should be frustrating. More than a history of government policy making, this book provides us with an innovative and insightful approach to the study of business-government relations in modern America. For managers, bureaucrats, and anyone interested in seeing a more effective national industrial policy, this history should put the relationship of business and government in a critical new perspective.
In the decades that followed World War II, cheap and plentiful oil helped to fuel rapid economic growth, ensure political stability, and reinforce the legitimacy of liberal democracies. Yet waves of price increases and the use of the so-called “oil weapon” by a group of Arab oil-producing countries in the early 1970s demonstrated the West’s dependence on this vital resource and its vulnerability to economic volatility and political conflicts. Oil and Sovereignty analyzes the national and international strategies that American and European governments formulated to restructure the world of oil and deal with the era’s disruptions. It shows how a variety of different actors combined diplomacy, knowledge creation, economic restructuring, and public relations in their attempts to impose stability and reassert national sovereignty.
How the 1970s energy crisis facilitated a neoliberal shift in US political culture. In Energizing Neoliberalism, Caleb Wellum offers a provocative account of how the 1970s energy crisis helped to recreate postwar America. Rather than think of the crisis as the obvious outcome of the decade's "oil shocks," Wellum unpacks the cultural construction of a crisis of energy across different sectors of society, from presidents, policy experts, and environmentalists to filmmakers, economists, and oil futures traders. He shows how the dominant meanings ascribed to the 1970s energy crisis helped to energize neoliberal visions of renewed abundance and power through free market values and approaches to energy. Deeply researched in federal archives, expert discourse, and popular culture, Energizing Neoliberalism demonstrates the central role that energy crisis narratives played in America's neoliberal turn. Wellum traces the roots of the crisis to the consumption practices and cultural narratives spawned by the petrocultural politics of Cold War capitalism. In a series of illuminating case studies—including 1970s energy conservation debates, popular car films, and the creation of oil futures trading—Wellum chronicles the consolidation of a neoliberal capitalist order in the United States through an energy politics marked by anxious futurity, petro-populist sentiment, and financialized energy markets. He shows how experiences of energy shortages and fears of future energy crises unsettled American national identity and power yet also informed Reagan-era confidence in free markets and US global leadership. In taking a cultural approach to the 1970s energy crisis, Wellum offers a challenging meditation on the status of "crisis" in modern history, contemporary life, and critical thought and how we rely on crises to make sense of the world.
In a decade of constant crises, perhaps the most formidable challenge that Americans faced in the 1970s was the energy shortage. An era of inexpensive and seemingly unlimited supplies of oil came to an end with the OPEC oil embargo of 1973 and strained the nation's economy for the remainder of the decade. In his "Crisis of Confidence" speech, one of the most remarkable political addresses in American history, President Jimmy Carter drew connections between America's increasing dependence on foreign oil and what he considered larger, more spiritual problems that plagued the nation. Through carefully selected documents that bring together the high-level White House decision-making process and the national conversation about energy, Daniel Horowitz helps students understand both the crises of the 1970s and the continuing relationship between American economic and foreign policy. An introduction by the editor, headnotes to documents, a chronology, questions for consideration, and a selected bibliography provide further pedagogical support.