Energy “Tale of the Tape” Revealing for Obama and Romney
Last week the US Senate voted to extend the wind production credits (PTC) by one year. On Monday came word the US Department of the Interior was opening public land to the Department of Defense for the rollout of renewable energy projects. So will the government’s alternative energy excitement last in coming years? With less than 100 days to go to Election Day, I created a “Tale of the Tape” to examine the energy strategies of both President Obama and challenger Mitt Romney in order to answer that question. Without further ado, let me ring the bell, channel the voice of Michael Buffer, legendary boxing ring announcer, and take a closer look at what energy policy may be like in the next four years. America, “Let’s get ready to rumble!”
Major takeaways from the two candidates’ energy views:
Obama wanted to end oil and gas subsidies while Romney wants to keep them intact.
Obama supports wind power and will likely use Romney’s opposing views against him.
Obama has done all but put coal mines on lockdown while a victory for Romney would likely bring relief to coal miners (keep in mind West Virginia is the #2 coal producer in the US after Wyoming and is considered a swing state with 5 electoral votes).
Regardless of which candidate is victorious come November, it seems nuclear power will be a winner.
Look for the Environmental Protection Agency (EPA) to get a much needed facelift if Romney gets elected.
The electric vehicle would see a slower rollout across the country if Romney was in the oval office.
Romney would greenlight the Keystone XL pipeline on “day one” if elected; Obama said the project need more review.
Liquified natural gas (LNG) would be exported more under Romney.Continued on the next page