The American Energy Renaissance: Who is to Credit and What is the Future Direction?

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Author(s)
Kenneth B. Medlock III
James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics | Senior Director, Center for Energy StudiesIn a walk-up to President Obama's Jan. 28, 2014, State of the Union address, Center for Energy Studies senior director Kenneth Medlock and research associate Keily Miller blog on key energy-related decisions facing the administration in the coming months. The energy business is characterized by large upfront fixed costs and long lead times to production and revenue streams, they write, so tomorrow’s energy mix is a product of investment decisions made today. "The objective of low cost energy for consumer groups in order to spur economic activity cannot be lost in an effort to tilt the competitive landscape to favor one energy resource over another. So the decisions that the administration makes in its final two years will have impacts beyond 2016, much as decisions of several previous administrations have shaped where we are today."
Read the full article in the Jan. 28, 2014, edition of the Forbes magazine blog.