Soon after the Arab states clapped on their embargo and then boosted the price of oil by 400 per cent, WFB reminds us, President Nixon appointed William E. Simon energy czar, "and the American people were introduced to ... [this] cyclone from Wall Street who bedazzled the Congress, the bureaucracy, and the press, and got us through the winter." But oil was still $10 a barrel, and where do we go from here?