"Did the United States kill OPEC?"
That's the question that New York Times economics columnist Eduardo Porter asks today, referencing Breakthrough Institute’s research,
which found that 35 years of public-private investments led to the
technologies that allow for the cheap extraction of natural gas and oil
from shale.
The Breakthrough: Did the US Kill OPEC?
Four decades ago, in response to the 1973 OPEC oil embargo and
declining natural gas supplies, the US government initiated a
wide-ranging effort to find alternatives to conventional energy. The
most infamous was “syn-fuels” — efforts to make transportation fuel from
coal, a technology that has existed since World War I. There were also
research projects and demonstrations to gasify coal underground and to
build and deploy solar panels and wind turbines.http://thebreakthrough.org/index.php/voices/michael-shellenberger-and-ted-nordhaus/did-the-us-kill-opec
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