Why Politicians, Not Hackers, Are to Blame for the Gasoline Shortage

Writing in 1974, Milton Friedman chronicled the energy crisis, contrasting Germany's response to America's disastrous price controls:

Germany imposed no price controls on petroleum products... The price of petroleum products jumped some 20 or 30 per cent, but there were no long lines, no disorganization. The greedy consumers found it in their own interest to conserve oil in the most painless way. The greedy oil tycoons found it in their own interest to see to it that petroleum products were available for those able and willing to pay the price."

If politicians refuse to learn from Germany's success in the 70s compared to the failure of US politicians, we will be doomed to repeat the failure.