The energy crisis in the 70s you reference coincided with a pathological and suicidal environmental movement that killed any chance for the United States to transition to nuclear power, like France did. If we had done that, or if Nixon hadn't resigned and his energy project had passed, the geopolitical situation would be remarkably different. The USSR would've probably collapsed sooner, and the center of gravity for global energy production would not be in the most volatile region on the planet today.