Full Title: A Framework for a New U.S. Energy Policy
Author(s): William O’Keefe and Jeff Kueter
Publisher(s): George C. Marshall Institute
Publication Date: December 1, 2013
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Growing dependence on imported oil during the 1960s and 1970s and the OPEC oil embargo of 1973 thrust energy into the forefront of the public’s attention. In the ensuing 40 years, no fewer than seven energy policy acts and numerous regulatory initiatives related to energy have been enacted. The goals of each were two-fold: (1) to improve energy security, which was first defined as the pursuit of “independence” and eventually was relaxed to the more general objective of diversifying sources of supply; and (2) to develop non-fossil energy sources to meet the nation’s energy needs to ameliorate environmental impacts. For the most part, federal energy initiatives have fallen short of their goals, have had numerous unintended consequences, and have done more harm than good.