ENERGY POLICY AND FUTURE SUPPLY

09/17/1990
With an oil supply disruption forcing the U.S. to rediscover links between energy and national security, it's time to repeat the steps government should take in the name of energy policy. First, energy policy should assure markets that the government won't reintroduce measures that failed before. It should explicitly reject price and allocation controls and recommend a presidential veto of any legislative attempt to implement them. It should treat ideas about punitive taxes, such as so-called windfall profit taxes, the same way. HIGHER STATUS Next, energy policy should seek status at the top of the national agenda. ...
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