U.S. Department of Energy

/ 1944 Views

About this Topic

Remove this Ad

The Department Of Energy today

2009

The department has 16,000 employees, funds 30,000 scientists, and has a budget of $29 billion.

Energy Policy Act provides tax breaks

2005

The Energy Policy Act provides billions of dollars of tax incentives for clean energy, and it includes mandates for ethanol use. Ethanol mandates and subsidies have spurred increases in food prices...

Energy Policy Act creates new subsidies

1992

The Energy Policy Act of 1992 establishes a range of new subsidies and tax breaks for conservation and alternative energy sources such as ethanol. The Act also deregulates the interstate transmissi...

Nuclear Waste Policy Act to create a waste site

1982

The Nuclear Waste Policy Act aims to create a permanent disposal site for radioactive waste to be ready by 1998. Yucca Mountain is chosen as the site in 1987, and engineers and construction crews g...

Reagan repeals price controls on oil

1981

President Reagan issues executive order 12287 to repeal price controls on oil and oil products, as well as restrictions on oil imports.

Energy Security Act creates new subsidies

1980

President Carter signs the Energy Security Act, which includes a range of new subsidies and tax breaks for conservation and alternative energy.

Oil prices soar and the government fumbles

Jul 1, 1979 12:00 AM

Political turmoil, as well as OPEC actions, cause crude oil prices to soar. President Carter proposes bureaucratic solutions such as mandating allowable room temperatures in buildings and creating ...

National Energy Act creates slew of subsidies

1978

President Carter signs the National Energy Act, which is a massive piece of legislation nine inches thick containing a slew of subsidies and tax incentives for conservation and alternative energy.

Department of Energy is established

1977

At the urging of President Jimmy Carter, Congress creates the Department of Energy, which combines the Federal Energy Administration, the Energy Research and Development Administration, and the Fed...

Energy Policy and Conservation Act

1975

The Energy Policy and Conservation Act extends oil price controls through 1979. It also creates the Strategic Petroleum Reserve and mandates automobile fuel efficiency standards.

Energy Supply and Environmental Coordination Act

1974

The Energy Supply and Environmental Coordination Act encourages power plants to burn coal instead of natural gas or oil in the name of energy self-sufficiency.

Heating oil shortages and price controls

1972

The Federal Power Commission imposes tight price ceilings on heating oil, which causes winter heating oil shortages.

Nixon imposes general price and wage controls

1971

President Richard Nixon imposes general price and wage controls on the economy, based on the broad-ranging powers granted in the Economic Stabilization Act of 1970. Price controls on most industrie...

Government imposes quotas on oil imports

1959

The government imposes “mandatory oil import quotas” to limit low-cost oil imports. One effect is to drive down international oil prices, which in turn helps spur the creation of the Organization o...