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The End of Energy:The Unmaking of America's Environment, Security, and Independence

Cover Image Copyright Year: 2011
Author(s): Graetz, M.
Publisher: MIT Press
Content Type : Books & eBooks
Topics: Geoscience
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Abstract

Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence.

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      Front Matter

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): i - 7
      Copyright Year: 2011

      MIT Press eBook Chapters

      This chapter contains sections titled: Half Title, Title, Copyright, Dedication, Contents, Acknowledgments, Prologue: The Journey View full abstract»

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      A “New Economic Policy”

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 9 - 20
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Losing Control over Oil

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 21 - 39
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

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      The Environment Moves Front and Center

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 41 - 59
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      No More Nuclear

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 61 - 78
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      The Changing Face of Coal

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 79 - 96
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Natural Gas and the Ability to Price

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 97 - 116
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      The Quest for Alternatives and to Conserve

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 117 - 136
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      A Crisis of Confidence

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 137 - 146
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      The End of an Era

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 147 - 154
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Climate Change, a Game Changer

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 155 - 178
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Shock to Trance: The Power of Price

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 179 - 195
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      The Invisible Hand? Regulation and the Rise of Cap and Trade

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 197 - 216
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Government for the People? Congress and the Road to Reform

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 217 - 248
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Disaster in the Gulf

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 249 - 263
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Key Energy Data

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 265 - 269
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Chronology

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 271 - 277
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Bibliographic Essay

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 279 - 353
      Copyright Year: 2011

      MIT Press eBook Chapters

      This chapter contains sections titled: Prologue, Chapter 1, Chapter 2, Chapter 3, Chapter 4, Chapter 5, Chapter 6, Chapter 7, Chapter 8, Chapter 9, Chapter 10, Chapter 11, Chapter 12, Chapter 13, Chapter 14 View full abstract»

    • Full text access may be available. Click article title to sign in or learn about subscription options.

      Index

      Graetz, M.
      The End of Energy:The Unmaking of America's Environment, Security, and Independence

      Page(s): 355 - 369
      Copyright Year: 2011

      MIT Press eBook Chapters

      Americans take for granted that when we flip a switch the light will go on, when we turn up the thermostat the room will get warm, and when we pull up to the pump gas will be plentiful and relatively cheap. In The End of Energy, Michael Graetz shows us that we have been living an energy delusion for forty years. Until the 1970s, we produced domestically all the oil we needed to run our power plants, heat our homes, and fuel our cars. Since then, we have had to import most of the oil we use, much of it from the Middle East. And we rely on an even dirtier fuel--coal--to produce half of our electricity. Graetz describes more than forty years of energy policy incompetence--from the Nixon administration's fumbled response to the OPEC oil embargo through the failure to develop alternative energy sources to the current political standoff over "cap and trade"--and argues that we must make better decisions for our energy future. Rather than pushing policies that, over time, would produce the changes we need, presidents have swung for the fences, wasting billions seeking a technological "silver bullet" to solve all our problems. Congress has continually elevated narrow parochial interests over our national goals, directing huge subsidies and tax breaks to favored constituents and contributors. And, despite thousands of pages of energy legislation since the 1970s, Americans have never been asked to pay a price that reflects the real cost of the energy they consume. Until Americans face the facts about price, our energy incompetence will continue--and along with it the unraveling of our environment, security, and independence. View full abstract»