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Energy for a Free Society: The 'American Energy Act' (Part II: Real World Reform)

By Robert Bradley Jr. -- June 1, 2011

Editor note: The first post in in this three-part series was titled A Free Market Energy Vision (Part I: Worldview); the third isFederal Energy Policy for America (Part III: Cato’s priorities–and a few more).”

The Obama Administration has been implementing an anti-energy agenda since coming to Washington. From day one, Obama and his “dream ‘green’ team” have worked to increase the cost of traditional energy to reduce usage and try to make uneconomic consumer-rejected energy (wind, solar, ethanol, electric vehicles) more economic.

The effects of these policies are now playing out in front of the American people: rising energy prices, tens of thousands of jobs destroyed, and increasing dependence on foreign state-owned energy companies. In response, the free market community has been playing defense.

But even before Obama, multiple-hundred-page interventionist legislation has been signed time and again by Republican presidents.…