[Ed. note: George P. Shultz has long been an errant voice on energy and climate issues. A leading Republican climate alarmist, Shultz’s energy views from decades ago, still held, are the subject of the post below.]
“Shultz writes: ‘The president requested service stations to voluntarily suspend the sale of gasoline on Saturdays and Sundays. The 90 percent compliance with his request resulted in long lines at gas stations on weekdays.’
Hogwash! The ‘long gas lines’ were the result U.S. government central planning with respect to oil. Notice how often those long gas lines have returned since controls ended in the 1980s.”
When it comes to energy policy, President Obama seems to have learned nothing from the past. His ideas closely resemble the grandiose, failed policies of the 1970s.
But such historical ignorance knows no party. …