An Emirati patrol boat, second from right, is near a tanker anchored in the Gulf of Oman near the Strait of Hormuz, as seen from a coastal road near Khor Fakkan, United Arab Emirates, Friday, May 1, 2026. AP It’s not 1973 anymore, and that’s a very good thing for the United States. Back then, the United States imported more than a third of its oil, much of it from the Middle East — and it paid the price. Now, it’s in a transformed position. “Drill, baby, drill” is arguably the most successful public policy of the last 20 years. It started life in 2008 as a catchphrase coined by Michael Steele, former lieutenant governor of Maryland, and has now been effected, with enormous economic and strategic benefits to the United States. On top of sweeping innovations forged by private industry, President Donald Trump has driven a stake through the heart of Joe Biden’s “net zero” energy policy — based the delusion that we could phase out fossil fuels — and has pursued US “energy dominance” instead. As…