Did you catch the State of the Union address last night? Hurray for renewable energy, but it is a speech that he could have given two years ago, pre-Solyndra. But a lot has happened in the last two years. In mild understatement, Obama conceded that, “Some technologies don’t pan out; some companies fail.” And some companies fail in a big way. Now the demise of Solyndra will be a big campaign issue, regardless of the merits of whether the federal government should have provided a loan guarantee to Solyndra. This accommodation of fossil fuel is simply recognition that this country will be dependent on non-renewable sources of energy for decades to come. Whether Obama’s moderate energy vision will gain any traction in an election year is a matter of considerable dispute. We shouldn’t lose hope that some energy policy will emerge, but don’t count on much progress in this election year.
Posts Tagged ‘offshore drilling’
Ever since Barack Obama was inaugurated as president, the air in Washington has been thick with expectation for a coherent energy policy. When Obama announced early in his administration that energy was one of three critical priorities—along with health care and education— hopes were high that this country was on a leadership path in the global effort to reduce greenhouse gasses. We are still waiting and chances are not good that we will soon any significant breakthroughs any time soon.