You Decide: Is there a statewide energy revolution under way

By Mike Walden | Dec 21, 2012

I was in graduate school in the early 1970s when I first heard about
the energy revolution. Until then, energy wasn’t a problem for the
U.S. economy, in fact, energy was a benefit. We were still a major
energy exporter; indeed, oil production in Texas peaked in that
decade. The long-running TV soap opera Dallas (starring the recently
deceased actor Larry Hagman), featuring the oil industry, began in the
1970s.


But U.S. economic growth, combined with declining U.S. oil production
and increasing foreign oil output, turned our energy world upside
down. The U.S. became a net energy importer and subject to the ups and
downs of world energy (mainly oil) prices. Periodic spikes in oil
prices pushed the domestic economy into recession. Energy alternatives
became the goal (I heated with wood in the 1980s), ...










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