Irrational Fear

Irrational Fear

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Irrational Fear
Irrational Fear
A Modern Call for Project Independence

A Modern Call for Project Independence

From Oil Crisis to Green Revolution: Charting a Path Toward Energy Autonomy

Dr. Matthew Wielicki's avatar
Dr. Matthew Wielicki
Feb 28, 2024
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Irrational Fear
Irrational Fear
A Modern Call for Project Independence
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The oil embargo of 1973-1974, led by Arab oil-producing countries, resulted in a sharp increase in oil prices and a shortage of oil supplies. This event had a profound impact on the U.S. economy and highlighted the vulnerability of the nation's energy security. In response, President Nixon announced Project Independence on November 7, 1973.

The goal of P…

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