Wednesday, April 25, 2012
America's Energy Future: Plan to Wait
One polemicist after another will bring up America’s energy independence as a goal for their ideal future. Republicans call for more domestic sourcing of fossil fuels, while Democrats seek the government to provide funding for green-tech. With the gridlock that has gripped Congress in this latest session, it is not hard to imagine no policies being passed that would address either of the two possible energy futures for America. While the middle road may seem simple to the non-politician, the political ramifications for either path diverge greatly. Republicans can point to the fiscal harm that green-tech would do the health of the U.S. as well the perils of pursuing unproven technology. Doing nothing- current trends in domestic natural gas and crude production will allow the U.S. to become energy independent by 2020. Even so, the Democrats argue that the environmental and sustainability concerns of utilizing that fuel are too great. Pursing both at once is probably contradictory, considering private investment will flow into proven technology unless significantly incentivized through government subsidies. Will the Republicans sacrifice their economic platform and the fiscal stability of the U.S. for the Democrats’ gamble on renewable energy technology?
Posted by Matthew Burns at 12:14 AM