What the legislation says about a national strategy.
Now that the Energy Policy Act of 2005, passed by Congress and signed by President Bush this past summer, has had a chance to sink in, a review of the bill's perks and pork is in order. Supporters of the 1,724-page piece of legislation laud it as a triumph of job-creating bipartisanship that attempts to shore up our energy supply, while detractors call it a gargantuan giveaway to a well-heeled industry. Predicting the long-term effects of the legislation is difficult.
Will more federal authority be a boon or a barrier to the development of liquefied natural gas terminals and transmission lines? Will new reliability standards be sufficient-and will they be enforced?