Iran's oil blockade could derail decades of climate progress

As the price of gasoline soars to levels not seen since the 1970s, the US and global economies are facing a daunting prospect: stagflation, a toxic mix of recession and rampant inflation. And in response, President Donald Trump is doubling down on a strategy pioneered by Jimmy Carter three decades ago: aggressively developing domestic fossil fuels, particularly coal.

Carter's cautionary tale

In 1977, as the price of west Texas crude approached $14 a barrel, Carter donned a cardigan for a