ALEX MILLS: Oil has long history in political games
20.05.12
The debate about the relationship between energy policy and national security is nothing new. The domestic oil and gas industry has raised these questions since the 1930s.
The nation's leaders recognized this important connection and enacted laws that encouraged the development for crude oil and natural gas reserves coast-to-coast. Winston Churchill even proclaimed after World War II that the Allies' victory came about primarily because of the huge oil production supplied by the United States.
In the 1960s, however, the attitudes of politicians in Washington changed toward the domestic oil and gas industry. By 1973, the first embargo against the U.S., the attitude of some politicians and news media grew bitter amid allegations that the oil companies were conspiring with foreign countries to raise the price for crude oil for their own selfish gain.
Some members of Congress seized upon this opportunity to call in the leaders of the major oil companies to testify. The dog-and-pony- show was nothing more than an opportunity to get their picture in the newspaper or on television in an effort to make political gain with the public, which was going through an economic crunch caused by rising energy costs and inflation.
Source: San Angelo Standard Times