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A Sensible National Energy Strategy |
| Section: CURRENT ISSUES / COMMENTARY |
| Author: S. Fred Singer |
| Publication: The world & I online |
| Issue Date: 6/1/1991 |
| Size: 2,196 Words, 13,509 Characters |
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The United States "does not have an energy policy" has been a common complaint since about 1980, when the Reagan administration determined not to involve the government in energy matters better handled by market forces. The prime example, of course, was the deregulation of oil prices, completed in 1981 and followed by a decade of low energy prices and unparalleled prosperity.
Nevertheless, national energy policy has become a catchphrase for those who hanker after the "good old days" of government regulation of energy supply and demand. To some it means energy conservation by command-and-control methods; to others it means subsidies for renewable energy sources, especially solar energy, or the closing down of nuclear plants (or at least stopping any further plants from being built). A...
. . .
...ented way of doing this--if the government were to sell options to private companies, refiners as well as speculators, to both buy oil and sell oil to the SPR at certain price levels.
As the national energy strategy moves into legislation, these and other proposals will get a hearing. The ensuing debate will likely determine the course of U.S. policy for the remainder of this century. vbcrlf
(806 of 13,509 characters)
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