Cross-posted from the Council on Foreign Relations. Steve Mufson had a piece in the Washington Post Outlook section this past weekend suggesting that the $172 billion that the U.S. government has spent on early stage energy research since 1961 has largely been a waste. (I say "suggesting" rather than "arguing" because Mufson doesn't quite make the point explicitly; that said, it's hard to read his essay without being nudged toward that conclusion.) There's a lot of smart stuff in the piece, but in the end, it's unconvincing. The basic reason is simple: it doesn't take much for $172 billion of …
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Michael Levi is the David M. Rubenstein senior fellow for energy and the environment at the Council on Foreign Relations. He blogs at "Energy, Security, and Climate."