Book contents
1 - Introduction
Published online by Cambridge University Press: 06 January 2022
Summary
America faces an energy dilemma – continue down the path of oil and gas drilling or diversify to greater shares of renewable energy. The shale boom in the twenty-first century propelled America to become the largest crude oil producer in the world and a net exporter of natural gas. However, the shale bust from 2014 to 2016 prompted renewed debate on America’s pathway. For decades, successive presidents from Nixon to Obama vowed to end America’s addiction to oil. In reality, federal and state governments granted numerous privileges to the oil and gas sector in exchange for securing energy supply, jobs and tax revenue. In 2017, President Trump took office and launched his “America First Energy Plan,” which expanded oil and gas extraction, facilitated the buildout of oil and gas infrastructure, and hacked away at regulations aimed to protect health, the environment and the climate. The Trump administration’s multipronged actions to favor the oil and gas industry, which went far beyond those of previous administrations, went largely unchecked by the 115th Congress that acquiesced and even abetted its actions. Understanding what the administration did and how it was able to undertake such actions is the first step towards resetting America’s energy and environmental paths.
Keywords
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- Information
- America's Energy GamblePeople, Economy and Planet, pp. 1 - 14Publisher: Cambridge University PressPrint publication year: 2022
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