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Published in:
2009 | OriginalPaper | Chapter
The United States Energy Policy: At a Turning Point
Authors : Sophie Méritet, Fabienne Salaün
Published in: The New Energy Crisis
Publisher: Palgrave Macmillan UK
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The exceptional development of American capitalism was founded upon abundant, cheap and domestic energy resources: coal, oil, natural gas, hydroelectricity and nuclear. The abundance, low prices and low taxes did not encourage energy efficiency. The United States consumes roughly 70 per cent more energy per capita or per dollar of GDP than most other developed countries. The country, which represents 5 per cent of the world’s population accounts for 25 per cent of the world’s energy consumption.