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DrumBeat: July 5, 2008

Posted on July 05, 2008

American Energy Policy, Asleep at the SpigotOver the last 25 years, opportunities to head off the current crisis were ignored, missed or deliberately blocked, according to analysts, politicians and veterans of the oil and automobile industries. What s more, for all the surprise at just how high oil prices have climbed, and fears for the future, this is one crisis we were warned about. Ever since the oil shortages of the 1970s, one report after another has cautioned against America s oil addiction.Even as politicians heatedly debate opening new regions to drilling, corralling energy specula...

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