Summary
FRANK ZARB still shakes his head and smiles when he tells the story. It was back in 1975 when he was the nation's energy czar. All the Sturm und Drang over the first Arab oil embargo and gasoline lines had died down, and those great plans he had for a national energy policy had dropped off the political radar.
"I was really frustrated," recalled Zarb, who went on to a stellar career on Wall Street and has been the New York governor's troubleshooter for state and local problems. In his frustration, Zarb decided to have a talk with Sen. Henry "Scoop" Jackson, the powerful Democrat from Washington state.See the full content of this document
Extract
Let's Hear It for the Oil Crisis
"I asked Scoop what I needed to do to get this thing moving again," recalled Zarb.
And Jackson replied: "You'll have to wait for the next crisis." Well, here w...See the full content of this document
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