Wonders yet to come: A sound basis for energy policy?

Wonders-yet-to-come seem to dominate U.S. energy policy. There is talk of changing laws to allow the exporting of oil and natural gas. There is talk of American energy independence. There is talk of an American energy renaissance and the ruination of OPEC. It is all very breathless and essentially baseless.

Fracking headlines

•The Shale Oil Party Is Ending, Phibro’s Andy Hall Warns •Wyoming May Act to Plug Abandoned Wells as Natural Gas Boom Ends •Whither the world of energy prices during the next 12 months? •How long will the fracking boom last? •Colorado Communities Could Ban Fracking Under New Proposed Amendment •Bakken Crude Found More Dangerous to Ship Than Other Oil •Shale Gas: Killing Coal without Cutting CO2 •New York State Petroleum Council Speaks Out on Fracking