This report was prepared by the Heritage Foundation in 2007, prior to Barack Obama's election. With that in mind, ask yourself how many of these ideas have been applied or rejected by our President and Democrats in Congress? As our energy costs climb over the next two years, remember who made it happen.
By Stuart Butler, Ph.D. and Kim R. Holmes, Ph.D.
The Heritage Foundation
Americans are growing increasingly concerned about energy. Their demand for energy is increasing faster than secure supplies. Much of the world's supply of oil is delivered in a restrictive market dominated by unstable or hostile nations, some of which are using energy as a tool to frustrate U.S. national security and foreign policy objectives.
Meanwhile, many Americans harbor misunderstandings and myths about energy and market forces. They want low energy prices and plentiful supply but resist the steps that energy companies must take to achieve these goals. This confusion leads their representatives in Congress to enact conflicting policies that harm America's ability to meet its energy needs. This has to change.
Sound national energy policies must enable America to obtain energy supplies from a wide range of sources in a way that is best for the economy and at the same time addresses homeland and national security considerations. An abundant, diverse energy supply is central to America's freedom and prosperity.
The guiding principles for an energy strategy that advances freedom and prosperity should emphasize three themes: