Failing the Energy IQ Test

History suggests that energy is an IQ test that Americans tend to fail. In response to the Oil Crises of the 1970s, the United States wasted billions in a futile effort to jumpstart oil shale and other synfuels. Then federal automotive fuel-efficiency standards and flush production from newly discovered giant fields in Mexico, Alaska and the North Sea bailed us out. By 1985 oil prices had dropped to $10 a barrel and American energy policy went back to its default position,

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