This volume explores how Texas's groundbreaking program of electricity restructuring has become a model for truly competitive energy markets in the United States.

A number of states have recently sought to increase competition in the electricity industry to drive down prices, increase supply, and improve service quality. Yet in the aftermath of the rolling blackouts and power shortages that afflicted California in 2000 and 2001, many jurisdictions have been reluctant to break with...

Why is the process of restructuring so different in electricity than in other infrastructure industries?

Electrical Restructuring: The Texas Story explores how Texas's groundbreaking program of electricity restructuring has become a model for truly competitive energy markets in the United States.

High gas prices are inducing consumers to tighten their belts and politicians to call for taxes on oil companies. This Outlook explores the true causes of oil price fluctuation and explains how policymakers can help lower gasoline prices.

Politicians are scrambling to find ways to reduce the pain of highenergyprices, but the United States needs to increase its supplies of oil, not demonize oil companies.