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Click here to visit the new home of Politics Daily!If President Barack Obama's budget proposal tracks the broad game plan for energy policy that he laid out in his State of the Union address, be prepared for a letdown when the numbers come out on Monday. For all of his "big ideas" -- from Sputnik to job creation, high-speed rail to high-speed Internet -- Obama offered underpowered solutions. Another View on Obama's Energy Plan Raising taxes on gas and oil will only hurt consumers, says Charles T. Drevna of the National Petrochemical & Refiners Association. For starters, the president did not even mention the ...
(Oct. 7) -- The Association for the Study of Peak Oil and Gas made a dire prediction today. The world has been extracting oil from the earth for just 150 years, but "peak oil," the point at which fuel production will begin to decrease while demand continues to increase, has finally come. "We are at the point of no return," said Jim Baldauf, ASPO-USA president. "Without affordable energy to drive our economy, we can expect price spikes and economic crisis to be the new normal. The debate about peak oil is over; it is time for bold action. If we do not change our current approach, we will see ...
(July 12) -- The Gulf of Mexico oil catastrophe has become the first defining moment of Barack Obama's presidency -- and not just because of the disaster's enormity or his administration's response. Rather, this has been the first real test of whether Obama is simply a very accomplished politician -- or something greater. To be an effective president, you must, of course, be a very good politician. But to be a great president -- the kind they erect monuments to (or at least name an airport after) -- requires something more than counting votes and working the phones. It requires an ability to ...
(June 17) -- In his Oval Office speech on the BP oil spill, President Barack Obama tried to harness our pent-up outrage over the 2.5 million gallons of crude spewing daily into the Gulf of Mexico -- a sickening amount equal to an Exxon Valdez every four days -- to wean the nation's dependence on foreign oil. Such focused and directed anger is welcome. And the White House energy bill, if revived by righteous fury, may help us reduce the greenhouse gas emissions that cause global warming. But in our rage we should not bleed one liquid asset to offset the damage caused by another. It would be a ...
Leaders of the House and Senate will begin a summer sprint this week to push through a huge list of Democratic priorities amid a backdrop of a still-weak economy, an out-of-control disaster in the Gulf of Mexico, a jittery electorate with a distaste for incumbents, and a federal deficit that is already projected to hit a record $1.5 trillion this year. It's a tough environment for Democrats, made doubly precarious by the looming November mid-term elections, but Senate Majority Leader Harry Reid said Monday he's ready to get started. "The work period between now and July 4 is short, but our ...
A dark cloud has settled over the President's trip to sunny Northern California today, and it has everything to do with his photo-op to promote jobs purportedly saved and created by the Recovery act at solar panel production company Solyndra. President Obama toured the Solyndra plant in Freemont, Calif. and gave an address before the press and state officials, including California Governor Arnold Schwarzenegger, outlining his vision for a thriving U.S. alternative energy sector buoyed by government funding. "The promise of clean energy isn't just an article of faith," Obama said, "It's not ...
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