Forty years after the OPEC oil embargo, we will look at petro-politics in the age of climate disruption. After the oil crisis began Oct. 17, 1973, President Nixon declared at his 1974 State of the Union address: "At the end of this decade, in the year 1980, the United States will not be dependent on any other country for the energy we need to provide our jobs, to heat our homes and to keep our transportation moving." Every president since Nixon has made a similar pledge to wean the country off foreign energy.
Today, oil production in the U.S. is booming, thanks in part to the fracking revolution, making the country less dependent on foreign oil and potentially undermining OPEC. The U.S. is also reducing overall fuel consumption, but we won't be free from foreign dependence until renewable energy technologies can pave the way to producing as much as we use.
What lessons can be drawn today from the oil shock that left Americans stuck in gas station lines for hours? A conversation about powering global growth, pricing carbon pollution, and other energy and national security concerns.
George Shultz, Former U.S. Secretary of State
Jim Woolsey, Former CIA Director
This program was recorded before a live audience on October 18, 2013.
Gregory Dalton is chief operating officer at the Commonwealth Club of California and Director of The Club's Climate 1 Initiative. He previously was international editor at The Industry Standard magazine, an editor for the Associated Press in New York, and a correspondent in China and Canada for the South China Morning Post, a Hong Kong newspaper.
Proficient in both Mandarin and Cantonese, he is a former term member of the Council on Foreign Relations.
George P. Shultz
George P. Shultz is the Thomas W. and Susan B. Ford Distinguished Fellow at the Hoover Institution.
He was sworn in on July 16, 1982, as the sixtieth U.S. Secretary of State and served until January 20, 1989. In January 1989, he rejoined Stanford University as the Jack Steele Parker Professor of International Economics at the Graduate School of Business and a distinguished fellow at the Hoover Institution.
He is a member of the board of directors of Fremont Group and Accretive Health. He is chairman of the J. P. Morgan Chase International Council and chairman of the Accenture Energy Advisory Board. He is also chairman of the California Governor's Council of Economic Advisors and co-chairman of the Committee on the Present Danger.
He was awarded the Medal of Freedom, the nation's highest civilian honor, on January 19, 1989. He also received the Seoul Peace Prize (1992), the Eisenhower Medal for Leadership and Service (2001), and the Reagan Distinguished American Award (2002). He is the recipient of the Elliot Richardson Prize for Excellence and Integrity in Public Service, The James H. Doolittle Award, and the John Witherspoon Medal for Distinguished Statesmanship.
The George Shultz National Foreign Service Training Center in Arlington, Virginia, was dedicated on May 29, 2002.
Robert James Woolsey
R. James Woolsey is chairman of Woolsey Partners LLC and former United States Director of Central Intelligence, heading the Central Intelligence Agency and the U.S. Intelligence Community.
Specializing in a range of alternative energy and security issues, Woolsey serves in various capacities at VantagePoint Venture Partners, Paladin Capital Group and the law firm Goodwin Procter. Previously, he was a vice president and officer of Booz Allen Hamilton, and a partner at the law firm Shea & Gardner (now Goodwin Procter) in Washington, D.C., where he practiced for 22 years in the fields of civil litigation, arbitration and mediation.
Including his Central Intelligence tenure, Woolsey served in the U.S. government on five different occasions, holding presidential appointments in two Republican and two Democratic administrations. He was ambassador to the Negotiation on Conventional Armed Forces in Europe, under secretary of the Navy, general counsel to the U.S. Senate Committee on Armed Services and part-time delegate at large to the U.S.–Soviet Strategic Arms Reduction Talks (START) and Nuclear and Space Arms Talks (NST). As an officer in the U.S. Army, he was an adviser on the U.S. delegation to the Strategic Arms Limitation Talks (SALT I).
Woolsey serves on a range of government, corporate, and nonprofit advisory boards, chairing several, and has served in the past as a member of boards of directors of a number of publicly and privately held companies, generally in fields related to technology and security. He is a frequent contributor of articles to major publications, and gives public speeches and media interviews on the subjects of foreign affairs, defense, energy, and intelligence. Having received his bachelor's degree from Stanford University, Woolsey earned a master's degree at Oxford University as a Rhodes Scholar, and a law degree from Yale Law School.