A great opportunity in the midst of the Iran oil crisis

Albert Einstein is purported to have said, “In the midst of every crisis, lies great opportunity.”

While Einstein’s brilliant intellect is uncontested, three major oil supply interruptions over the past five decades have failed to produce sustainable U.S. energy policies. Instead, during high price episodes, we hear a lot of rhetoric and even some policymaking. But as prices retreat, so does the political will.