The stimulus package and the climate bill recently passed by the US House and now being considered in the Senate will create jobs while delivering a boost to our economy. A “green” stimulus will create approximately three times as many jobs as the same amount of spending in traditional energy industries. But clean energy is […]
Politicians will always have an influence on the stock market, through regulation, tax policy, incentives, and more. This truism is only more certain in energy policy, where electricity markets and transport are highly regulated and the next administration is widely expected to enact some sort of carbon regulation, if not a tax.
This weekend, I heard the head of the Colorado Governor's Energy Office speak on what the state administration is doing on energy policy (PDF). Our current governor, Bill Ritter, ran on a three-part platform: working to fix Colorado's healthcare, transportation, and energy policies. Last year, the administration mostly focused on energy, and although healthcare and transportation will get more attention this year, there are already several energy bills on the legislative slate. This is because "Nobody is certain what to do about transportation or health care, but we do know what to do about Energy." This scenario may also be familiar to residents of California.
Since we do know what to do about energy, do the remaining U.S. presidential candidates? From the news coverage, I have to admit I'm far from certain. My impression has been that most of the Democrats and John McCain among the Republicans have been talking a good game, but repeated mentions of potentially problematic technologies and policies such as "clean coal," biofuels, carbon cap-and-trade, nuclear power, and even coal to liquids, leave me wondering if even the best of intentions might lead to bungled energy policy.
If I were president ...