pull down to refresh
0 sats \ 4 replies \ @Cje95 21 Nov \ parent \ on: Which department should we cut? Politics_And_Law
Okay so first off... The Federal Energy Administration Act created the first U.S. agency with the primary focus on energy and mandated it to collect, assemble, evaluate, and analyze energy information... right there that's called R&D its the beginning of the process so you know what is going on. To further build it out and not create a duplicative entity what did they do I said... oh yeah merge it with the Energy Research and Development Admin to create a unified and cost-effective Department. Congress then got then was smart and because of the power in the office made it Cabinet level to check the presidency as 99% of admin position do not need senate conformation
Pricing regulation
Price of oil quadrupled in 1973. Plus gas lines in 1973 and 1979. Nixon and Carter responded with price controls.
reply
reply
The point is energy policy was misguided in the 1970s
Oil companies have to pay a windfall tax on earnings. Reagan tried to repeal most of them in the 80s.
reply
So again how does this have anything to do with the Department now? Department does R&D for the most part. Typically in basic sciences as well which no company wants to spend on because it doesn’t make money. Companies focus on applied research which the Department does some of but not that much.
reply