U.S. energy research spending on decline

Wednesday, May 10, 2006

A story in The Capital Times by Mike Ivey reports on a recent conference at the Monona Terrace:
Given the decades-long warnings about a looming world energy crisis - punctuated by the recent spike in crude oil prices - you'd assume the U.S. has been ramping up its research and development spending on energy.

Think again.

Since 1980, energy research has fallen from 10 percent to 2 percent of total R&D spending.

And while the Bush administration lists energy research as a "high priority national need" and points to its recent energy bill as evidence, the 2005 federal budget cuts another 11 percent from energy programs.

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