President Obama proposed scrapping $4.5 billion in subsidies for oil companies in the State of the Union, suggesting the monies might be put to better use as incentives for clean energy. Presidents have been trying to do this for decades – even former oilman George W. Bush tried to shut off the spigot, but to no […]
Oil CEOs testify before Senate Finance Committee
Some sharp words exchanged here. Apparently Conoco put out a statement saying the removal of oil subsidies is “un-American.” Schumer and Menendez asked the CEO to apologize but he refused to do so. Lots of CAP research cited by Dems and serious spin by R’s. I almost feel bad for the CEOs – all of […]
Cleantech saves soldiers’ lives
The military is the one area where government spending on R&D is tolerated by the GOP. Republicans tried to gut the Department of Energy’s hugely successful ARPA-E program during the last budget fight, but left DoD’s DARPA virtually untouched. But Defense is picking up the slack by demonstrating a practical application of clean energy: to […]