The Enormous Energy Legacy Of President George W. Bush

The Enormous Energy Legacy Of President George W. Bush

Share to Linkedin I often remind people that a U. S. president's policies generally have limited impact on the energy markets in the short term. This topic often comes up when gasoline prices are rising or falling. However, over the longer term a president's policies can make a big impact. One of the examples I often use is President Nixon. The Nixon Administration passed a number of policies that had a significant and long-lasting impact on the oil markets, but those impacts weren't felt until he was out of office. For example, President Carter experienced a rise in oil production when he was in office, reversing a steady decline that had begun in 1970. But that was because the Alaska Pipeline was approved under President Nixon, and the oil began to flow while Carter was in office. I recently reviewed presidential policies and how they have impacted the world's energy markets, and I was struck by the ultimate significance of the policies of President George W. Bush. He may not be the first president that springs to mind when you are considering our greatest presidents, but I would argued that his energy legacy ranks near the top. Like his father,