CIAO DATE: 08/2014
September 2012
Americans are right to be dismayed with U.S. energy policy. For forty years, presidents of both parties have backed a series of fanciful “breakthrough technologies.” From synfuels to Solyndra, these schemes have turned out to be costly disappointments and the source of a recurring political drama. After failures become clear, Congress sometimes conducts oversight hearings. But it welcomes each new scheme as a pretext for pork barrel politics. Neither the executive nor the legislature ever learns from past failures.
Resource link: The China Model and U.S. Energy Policy [PDF] - 804K