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The history of the United States of America is also the history of
the energy sector. Natural gas provides the fuel that allows us to
heat our homes in winter and cool them in summer with the touch of
a button or turn of a dial - when the industry runs smoothly. From
the oil crisis of the 1970s to the fall of Enron and the California
electricity crisis at the turn of the century to contemporary
issues of hydraulic fracking, poorly conceived government policies
have sometimes left us shivering, stranded, or with significantly
lighter wallets. In this expansive narrative, Charles Blanchard
traces the rise of natural gas and the regulatory missteps that
nearly ruined the market. Beginning in the 1880s, The Extraction
State explains how the New Deal regulatory compact came together in
the 1920s, even before the Great Depression, and how it fell apart
in the 1970s. From there, the book dissects the policies that
affect us today, and explores where we might be headed in the near
future.
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