Important energy issues: where the candidates stand

by james on October 3, 2012

in Education, Poli-links

As a service to the public I am posting this summary of the positions on important energy issues of the dominant candidates for President of the United States. A pdf version can be downloaded here.

 

Important energy issues: where the candidates stand

Obama

Romney

Promises to “bankrupt” companies that attempt to build new coal-fired electric generating plants, which create electricity and jobs.A

Yes

No

Supports widespread, environmentally sound development of America’s coal, oil and natural gas resources.B

No

Yes1

Wants to extend time for companies to comply fully with costly or burdensome new regulations and red tape.

No

Yes

Would require Congressional approval before allowing bureaucrats to impose regulations costing the economy more than $100 million.C

No

Yes

Supports construction of the Keystone XL pipeline from Canada to Texas.B

No

Yes

Supports lavish government subsidies to prop up “Green” wind, biodiesel, and solar companies.D; I; K

Yes

Issue by issue2

Believes government should not hand out tax dollars to favored “Green” companies, but should invest public monies in basic research and advanced technology development to improve the environment.

No

Yes3

Supports revising the Clean Air Act to make it clear that it was not intended to regulate “greenhouse gas” emissions in the absence of specific Congressional action on climate change, cap-and-trade, or carbon dioxide.

No

Yes

Supports cutting cumbersome federal permitting barriers to oil and gas exploration and development, leaving regulations and permits largely to the states to open up vast new territories for oil and gas production.B

No

Yes

Supports permitting oil and gas drilling wherever states support it and it can be done safely, including the Gulf of Mexico, Atlantic and Pacific Outer Continental Shelves, Western lands, the Arctic National Wildlife Refuge in Alaska, the Alaska coast, and new zones off the coasts of Virginia and the Carolinas.F

No4

Yes

Supports reducing federal restrictions on hydraulic fracturing for oil and gas.F

No

Yes

Supports use of Yucca Mountain nuclear waste depository.G; H

No

N/A5

Supports tax credits and subsidies to wind, solar and other “green” energy technologies that give them preference over conventional and nuclear energy.I

Yes

No2

Supports loan guarantees to economically high-risk “Green” energy companies like Solyndra.J

Yes

No3

Supports continued subsidies for ethanol production.D

Yes

Yes

Plans to place major emphasis on fighting allegedly man-made climate change.K

Yes

No

Supports expensive mandates for vehicle fuel economy, despite studies showing that smaller, lighter vehicles increase risk of injury and death in accidents.D

Yes

No

 

Explanations

1
Romney has supported the shut-down of specific plants in the past, especially older plants with dangerously high emissions. However, emissions and health risks associated with power plants have been dramatically reduced. Moreover, people’s jobs, health, and welfare are adversely affected by policies that increase the cost and reduce the reliability of electricity. http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Coal-power

2
Romney supports tax-credits for some alternatives, including Renewable Fuel Standards, but intends to let the Production Tax Credit and Investment Tax Credit expire, because they transfer money from productive sectors of the economy to uneconomical technologies that generate expensive, unreliable electricity. http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Energy-subsidies-and-tax-breaks; http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Wind-power

3
Romney supports loan guarantees for nuclear power, which can be taken as an investment, though a much lower risk investment. http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Nuclear-power

4
Early in his presidency Obama nominally supported offshore drilling; he later supported greatly reducing or even banning it, and has continued to oppose it domestically. Obama does support sending US monies to assist developing nations to tap their offshore oil and gas resources . http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Oil-and-gas-development

5
Romney has not revealed his position on support for the Yucca Mountain nuclear waste disposal project, but his running mate Paul Ryan has given significant support in the past. President Obama, while supporting nuclear power in some ways, has stalled the entire project, citing concerns for disposal, and made few advancements. http://www.eenews.net/public/Greenwire/2012/08/22/2

 

Sources

A
http://www.youtube.com/watch?v=DpTIhyMa-Nw&feature=related

B
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Oil-and-gas-development

C
http://www.politifact.com/truth-o-meter/promises/gop-pledge-o-meter/promise/645/require-congressional-approval-for-major-regulatio/

D
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Energy-subsidies-and-tax-breaks

E
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Coal-power

F
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Hydraulic-fracturing-or-fracking

G
http://www.eenews.net/public/Greenwire/2012/08/22/2

H
http://www.lasvegassun.com/news/2012/sep/12/sandoval-unclear-where-romney-stands-yucca-online-/

I
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Wind-power

J
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Nuclear-power

K
http://www.csmonitor.com/USA/DC-Decoder/2012/0831/Obama-vs.-Romney-101-7-ways-they-differ-on-energy-issues/Energy-efficiency

 

Share

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: