Nixon's role leading to today's U.S. oil boom

[Douglas Caddy]

From the article: Facing fears of a broad energy shortage, in the shadow of an embargo by Arab oil producers, the Nixon administration and Congress laid the foundation of an industrial policy that over the span of four decades developed the technologies needed to unleash American shale oil and natural gas onto world markets.

http://www.nytimes.com/2015/01/21/business/economy/washingtons-role-in-oil-prices-recent-fall.html