Department of Energy

PrintPrint

The Department of Energy oversees nuclear weapons sites and subsidizes conventional and alternative fuels. The department has a history of fiscal and environmental mismanagement. Furthermore, misguided energy regulations have caused large losses to consumers and the broader economy over the decades.

The department will spend $30 billion in 2015, or $243 for every U.S. household. It employs 16,000 workers directly and oversees about 100,000 contract workers at research facilities across the nation.

Department of Energy Spending in Billions of Constant 2015 Dollars
Downsize This!
  • Energy Subsidies. The department has spent billions of dollars over the decades on dead-end schemes and dubious projects that have often had large cost overruns.
  • A Brief History of Energy Regulations. Most federal intrusions into energy markets have been serious mistakes. They have destabilized markets, reduced domestic output, and decreased consumer welfare.
  • Energy Intervention Today. The current arguments for energy intervention and energy subsidies fall short.
Timeline of Government Growth
Cato Experts
"All Americans are involved in making energy policy. When individual choices are made with a maximum of personal understanding and a minimum of government restraints, the result is the most appropriate energy policy."

Reagan administration energy plan, 1981

Zircon - This is a contributing Drupal Theme
Design by WeebPal.