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The most important thing you'll read about energy this week
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Monday, February 01, 2010
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By Robert Bryce in Energy Tribune:

Obama built his candidacy on the line “Change you can believe in.” But his speech on Wednesday night only delivered more of the same: vague phrases and buzzwords designed to play to the masses. The president proposed a three-year spending freeze. But quickly came the caveat: “Spending related to our national security, Medicare, Medicaid, and Social Security will not be affected.” By exempting security-related spending, now at its highest level since World War II, Obama made it clear that he has no interest in actually trying to reform the Department of Defense, an agency that has long been a poster child for waste, cost overruns, and corrupt Congressional earmarks.

But it was Obama’s verbiage on energy that really has me riled. Specifically, it was his use of the phrase “clean energy.” Obama used the phrase ten times in his speech. What does “clean energy” mean? Apparently, like the phrase “energy independence” it can mean almost anything – while also meaning nothing at all…

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Topics: Green energy | Energy | Commodities
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