There are rapid, and sometimes radical, changes now transforming energy production and consumption in the United States. Utilizing contemporary examples throughout his narrative, Rosenbaum captures this transformation while analyzing how important actors, institutions, and issues impact American energy policymaking. With clear explanations of relevant energy technologies-from controversial fracking to mountain top mining to nuclear waste storage-the book first looks at the policy options available in governing the energy economy and then discusses specific resources (petroleum and natural gas, coal, nuclear power, electricity, renewable energy, conservation) and the global energy challenges associated with climate change. This is a perfect supplement for any environmental politics course.
Chapter 3: Carbon Policy: Petroleum and Natural Gas
Carbon Policy: Petroleum and Natural Gas
On February 2, 2012, one of the most significant events in sixty-four years of American energy history was virtually ignored by the media, the public, and all but a small cadre of energy experts and policymakers. The Department of Energy reported that not since 1949 had the United States exported more refined energy products—gasoline, heating oil, and diesel fuel—than it had imported.1 And this, moreover, occurred in a remarkable year when US petroleum exports exceeded imports for the first time since 1989.2 These and similar data seemed prophetic to many energy experts, policymakers, and stakeholders: a gateway on the road to a new American “energy independence” had been passed. Others weren’t so ...