What The Election Means For Energy Policy

Now that Barack Obama has been reelected, what does it mean for the future of America's energy. In debates there were a few heated moments between the president and Governor Romney. Overall, the main differences came down to how to regulate the drilling for fossil fuel at home, what renewable energies to invest in, and and how to approach the possibility of running the keystone pipeline into the U.S.

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Now that Barack is has officially been reelected, he can continue to implement his all the above plan. This plan is designed to incorporate many different energy sources. Barack believes that through investing in all of these sources, the country will not only make gains in the amount of clean energy dependence, but also eventually bring down the cost of energy.

In one of the debates between Obama and Romney, the issue of drilling on U.S. soil came up. This is where the two had a stronger difference of opinion. Romney made it seem as if drilling in the U.S. was more important to his energy policy than investing in renewable energy. He brought up the point that Obama has highly regulated those who have tried to drill in the U.S. and made it hard for anyone to begin drilling in the U.S. Obama's response was that he does believe that the U.S. should drill on it's own soil but he made it clear that investing in clean energy was more important.

Overall, If you believe that America's future in energy is going to be through clean energy sources, and that action needs to be taken as soon as possible to develop those energies, Obama's win supports your beliefs. However, If you believe that America needed a quick fix, even if it had some harsh side effects, Romney's beliefs would have supported your own.
How do you see Obama changing Americas energy future?


http://carnegieendowment.org/ieb/2012/08/02/what-does-u.s.-election-mean-for-world-economy/d5mp
This article was published on Carnegie Endownment, also known as The Global Think Tank,  and was written by Uri Dadush. This website is a non profit website.