Providing cheap natural gas for one.
Renewable Energy Must Look to Natural Gas for Guidance
Natural gas is just the latest in a long history of the government supporting and investing in breakthrough technologies. Sustained federal government support since the 1970s has proven essential to the industry being able to tap into shale gas with new drilling techniques and technologies. The Breakthrough Institute, a non-partisan think tank, released a study
on this very subject last year detailing how decades of government investments in R&D, tax credits, and public-private partnerships made today’s natural gas boom possible. The Associated Press finally picked up the story this week and observes
that the Department of Energy invested roughly $137 million in gas research over three decades and that the federal tax credit for drillers constituted $10 billion between 1980 and 2002.