|Hauling crude oil to a refinery in Casper, Wyoming, c. 1900
(Casper Faculty Western Historical past Heart)
Dan Farber at Authorized Planet posted the opposite day on how the US federal authorities’s regulation of the power sector goes again some time:
To listen to a few of the debate, you’d assume that the Obama Administration breached some longstanding barrier that left power coverage to the states and the market. If there ever was such a barrier, it disappeared over a century in the past, with the onset of World Struggle I. Ever since then, the federal authorities has been actively shaping power manufacturing, distribution, and sale. We wouldn’t have the oil trade or the coal trade we’ve got at this time if the Feds hadn’t been concerned. That’s to not point out all the cash the Feds poured into constructing dams for hydroelectric energy. Placing apart hydro, efforts to maneuver the nation away from reliance solely on fossil fuels dates again sixty years when Congress determined to advertise the usage of nuclear energy.
Merely itemizing federal statutes is sufficient to present how pervasively the Feds have been concerned. Here’s a timeline of main federal actions with a sentence about what every one did. I’ve included solely a few the Supreme Courtroom choices which have helped form the regulation, and not one of the main administrative actions, such because the Federal Vitality Regulatory Fee’s (FERC’s) deregulation of wholesale electrical energy costs and revamping of energy grid administration. I’m additionally excluding environmental rules, which clearly have had a considerable impression on the power sector. However, the quantity and scope of federal interventions is overwhelming:
1906. Congress passes the Hepburn Act, which restricted possession of oil pipelines by oil producers.
The remaining is at Authorized Planet.