'Do nothing' US energy policy will no longer work

The US has been living on an oil surplus, which has now disappeared, and a “do nothing” energy policy will no longer work, said a prominent energy analyst.Robert Ebel, chairman of the Energy and National Security Center for Strategic and International Studies, said a 4-year congressional debate on energy policy remains unresolved but could be settled this year if higher gasoline prices act as a trigger for action.The speaker noted that a 2001 report, prepared by the National Energy Policy Development Group, made about 200 recommendations, both administrative and legislative. Four years have passed, he said, and the debate continues.Despite electric power blackouts, high gasoli...

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