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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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Energy Availability and Usage

U.S. energy policy has been to allow markets and short-term considerations to determine energy usage. U.S. energy policy has not, however, been completely market driven. The nation has subsidized the petroleum industry (and the auto industry) by building highways, roads, bridges, and tunnels paid for at the local, state, and federal levels with tax dollars (including gasoline taxes and tolls). Moreover, oil has long been a major U.S. foreign policy consideration, as evidenced by support of Iranian dictator Shah Reza Palavi from the 1950s through the 1970s, U.S. protection of Kuwait from the 1990 invasion by Iraq, and U.S. invasion of Iraq after 9/11.
Combustion in engines for transportation and production and to ...

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