Many of us who remember the 1970s energy crisis are experiencing right now a strong sense of déjà vu . I acquired my California driver’s license in January of 1974, three months after the Arab petrostates imposed an oil embargo against the United States for supporting Israel in the Yom Kippur War. At its peak, the price of gas at the pump rose about 40 percent to today’s after-inflation equivalent of $3.51 per gallon. At the moment, that looks like a bargain, with the national average a whisker

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