America’s vast new surplus of natural gas could lead to great prosperity and a cleaner environment. But if we don’t fix our decrepit, blackout -prone electric grid, we could wind up sitting in the dark.
The United States is at the cusp of what very well could be the biggest political and economic windfall in a generation. But to realize this windfall, we must ensure that natural gas is maximized as a source of electricity generation, and we must commit to a modern regulatory structure that mobilizes major investments in a reliable, secure—and, yes, “smart”—grid. While relatively straightforward, this is not an easy path. It will require presidential leadership to explain to the public what’s at stake and to provide a broad vision of a national energy strategy. The president will also have to face down an army of entrenched special interests to avoid squandering America’s energy dividend. If too many priorities and hare-brained schemes divert our political resolve, we may find that we have blown the energy boom.
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