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Assessing U.S. energy policy.
For decades, our political leaders have told us that we need to use energy more efficiently and derive more of it from domestic sources. (1) Since the energy crisis of 1973, U.S. presidents have declared the need to gain independence from unstable foreign energy suppliers and to do so with the same moral fortitude as if fighting a war. Some politicians have proposed massive government programs to achieve the goals of their energy policies; others have sought to unleash free-market forces that would encourage companies to develop novel sources of energy and motivate consumers to use energy more wisely.
Despite more than three decades of such efforts, the United ...
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