1. Home
  2. News & Issues
  3. US Economy
photo of Kimberly Amadeo

Kimberly's US Economy Blog

By Kimberly Amadeo, About.com Guide to US Economy

What Is the Department of Energy, and How Does It Affect You?

Sunday January 14, 2007
The Department of Energy (DOE) has been in existence for 25 years, and is primarily a national security agency. Its purpose is to ensure energy security and maintain the safety of the nuclear weapons stockpile.

Since the DOE is primarily concerned with national energy security, it affects you by making sure energy is provided cheaply and reliably. Here are two specific initiatives signed into law in 2006:

  1. Advance Energy Initiative - Provides funding for solar, wind and advanced battery research. It also includes further energy development of the Artic National Wildlife Refuge, the Outer Continental Shelf, and the Alaska Gas Pipeline.
  2. American Competitiveness Initiative - Continue the tax credits to private sector energy research funding, including bio-fuels, such as turning switch-grass into ethanol-based gasoline.

Comments

No comments yet. Leave a Comment

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>

Explore US Economy

About.com Special Features

What is a Recession?

Sure, we're all talking about it, but what, exactly, defines a recession? More >

Weird Breaking News

A daily look at some of the oddest (and dumbest) crimes around. More >

  1. Home
  2. News & Issues
  3. US Economy

©2009 About.com, a part of The New York Times Company.

All rights reserved.