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0 sats \ 9 replies \ @Bell_curve OP 17h \ parent \ on: Which department should we cut? Politics_And_Law
Apologies for the wrong year
It was created under Carter to address the energy crisis in the 1970s
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Federal energy administration was not a cabinet position
Department of Energy is part of the cabinet
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The FEA was tasked with managing fuel allocation, pricing regulation, and energy data collection and analysis
This is not research
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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
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Pricing regulation
Price of oil quadrupled in 1973. Plus gas lines in 1973 and 1979. Nixon and Carter responded with price controls.
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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.