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The promise and reality of energy independence

02.01.2012  |  Hofmeister, J.,  Citizens for Affordable Energy, Washington D.C.

The governance of energy by our federal government is broken, dysfunctional and unfixable in its current form, according to the author.

Keywords: [energy] [energy security] [crude oil] [natural gas] [coal nuclear] [government] [legislation] [national security] [refining]

Energy policy in the US has been hopelessly adrift for the past four decades, at least since President Richard Nixon declared “energy independence ... in seven years” on the back end of the first Arab oil embargo that created interminable gasoline lines across the country. He launched the “energy independence” mantra that every president since has proclaimed. Nineteen successive US congresses have likewise committed to energy independence. No president or congress has succeeded in getting the country close to that goal. In 1973, the US imported a third of its daily consumption of crude oil. In 2010, the number was closer to two thirds.

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