US energy policy in historical perspective

Energy ‘policy’ is not a recent invention. What is new is that instead of a variety of policies rooted for the most part in notions other than adequacy of reasonably priced and readily available energy supplies, the past fifteen years or so have witnessed the emergence of a set of policies that are more pointedly directed at energy targets as such. These include, above all, such cross cutting issues as efficiency in use, security against supply disruptions, incentives to oil and gas producers, opportunities for the development of alternative energy sources and concern for the equitable sharing of costs associated with any of these policies. If there is one overriding issue that permeates the policy fabric it is the delineation of the governmental role versus market forces. Debate and controversy on that topic is bound to continue.