Energy Policy Act of 2005 leaves US with open issues

After 4 years of frustration, the two US houses of Congress passed the Energy Policy Act of 2005, which President George W. Bush has signed. It is the first piece of explicit energy policy legislation since 1992.The legislation contains some clear advances in energy policy for the country, including streamlining regulatory procedures for LNG terminals, promoting improvement in electric power supply reliability, and adding some flexibility to gasoline supply logistics. The legislation also authorizes a substantial increase in the Strategic Petroleum Reserve (SPR).There are other provisions calling for subsidies, tax incentives, and higher standards to promote efficiency, clean coal, nuclea...

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