Energy: It wasn't anything mysterious that allowed Ronald Reagan to bring gasoline prices down so far, so fast. It was something we could use a commitment to in the executive branch today: economic freedom.
Skyrocketing gas and heating oil prices were the most infuriating development associated with what was mistakenly called the "energy crisis" during the 1970s. Mighty America, it seemed, had lost grasp of world events and the global economy.
It was understandable that presidential leadership in the world would slip badly during Watergate and Vietnam, but when a new Democratic president untainted by war or massive scandal was placed in the driver's seat in the latter half of the decade, what could explain his failure to rein in the price of oil? continue here
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