How will the oil spill affect America's energy future?
In Pittsburgh June 2, President Obama vowed to gather votes for the climate bill in the "coming months" and repeated his intention to roll back billions of dollars in tax breaks for big oil companies, to tap natural gas reserves as an alternative to coal and to increase reliance on nuclear power. Question: Could the oil spill really have far-reaching implications for America's energy future? Should it?
What happened in the Gulf should affect the thinking of every American. We trusted big companies who told us they knew what they were doing when the government allowed them to drill for oil in deep water.
If the oil spill serves to overcome the political inertia in Congress and spur some of these needed steps on energy policy, then and only then will the legacy of the Deepwater Horizon be anything other than an unmitigated catastrophe.
A bill in 2010 need not be vastly complex but could still set a strong direction for the future through an economy wide cap-and-trade approach coupled with tougher efficiency standards in the transport sector.
Posted by David Hone, on June 4, 2010 6:32 AM
Afraid4USA: Our whole approach to energy has to change. No more excuses. This means weaning ourselves from all fossil fuels, coal and gas as well as oil...