ecomii politics blog

Did Palin Really Take on Big Oil?

By Robert Cowin
October 31, 2008
File under: election 08

palin oilAlaska is an oil state.  Oil companies provide most of the jobs and oil revenues make up most of the budget for the State.  So, it’s important that people understand, when Governor Palin says she’s “taken on big oil”, it’s probably more accurate to say that she forced oil companies to pay more taxes.  She basically helped push though legislation that increased taxes on oil revenues.  I suppose that counts, but it’s disingenuous to give the impression that the Governor took a bold stand.  This was essentially a mandate given to her by the people of Alaska, who were tired of a free-all-oil policy and Governor Palin kept confidence with the people by fulfilling that mandate.  Indeed, she is to be commended for that.

But given how popular oil companies are right about now, you’d think she would want to trumpet her David vs. Goliath-type success.  Unfortunately that wouldn’t mesh well with the ticket’s position of keeping taxes low across the board.  “The McCain campaign Web site biography for Palin doesn’t mention the oil tax legislation. It does mention that she suspended the state’s fuel tax, which saved taxpayers about $40 million.”

The truth is that Governor Palin is far more of a friend to big oil than she is a true “reformer”.  …read more of Did Palin Really Take on Big Oil? here

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Senator Biden’s Unspectacular Environmental Record

By Robert Cowin
October 30, 2008
File under: Legislation, election 08

BidenJoe Biden has been, by and large, pretty good on environmental issues during his time in the Senate.  He’s voted in favor for higher fuel efficiency standards for automobiles, opposed the construction of new coal fire power plants, and supported subsidies for renewable energy technology, but he’s never really led any significant environmental initiatives.  Even John McCain has led an environmental initiative, introducing revolutionary environmental legislation that set hard caps for carbon emissions, and yet the best Biden can boast in all the years that he’s been a Senator is his co-sponsorship on good environmental legislation.

In fact, after over 30 years in the Senate, Joe Biden’s single biggest environmental accomplishment may very well be Henlopen State Park. …read more of Senator Biden’s Unspectacular Environmental Record here

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What’s the Price for Nuclear Technology?

By Nathaniel Manning
October 28, 2008
File under: Alternative Energy

Nuclear Power

“Energy Independence” is a statement often dissipated recently in the Presidential race. Interestingly, both sides seem to claim that they are the champions who can achieve this magnificent feat. The importance of energy independence in this globalized world was struck home by Barack Obama in the third debate at Hofstra University: “If we invest in a serious energy policy, we will save the amount of money we’re borrowing from China to send to Saudi Arabia.” While both campaigns claim to uphold the banner of energy independence, they are each proselytizing very different answers for achieving this goal. …read more of What’s the Price for Nuclear Technology? here

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Green Economy: Comparing McCain and Obama’s Approach

By Robert Cowin
October 27, 2008
File under: Economy, election 08

election 08

A closer look at the candidate’s plans to grow the US green economy reveals some stark differences, but also, an amazing amount of similarities (especially when you consider the historical positions of the two political parties on energy and the environment).  Both candidates would build more nuclear power plants, drill offshore, and invest in renewable energy and energy efficient technology, Obama’s plan is more aggressive in cutting green house gas emissions and funding renewable technology development, but will it create enough jobs?  McCain’s plan is far more aggressive in pursuing mass electricity generation and energy production, but does it create enough green jobs?  Furthermore, will either candidate’s plan have a “jump-starting” effect on the US economy, and if so, what will that look like?

To start with, both candidates will force fossil fuel-based energy producers to reduce their workforce because the cap-and-trade system which both candidates favor will cut into profits and when profits go down, people get laid off.  Because Obama favors an  80% reduction in greenhouse gas emissions to McCain’s 66% reduction, more jobs in that part of the energy sector would be lost under the Obama plan.  Furthermore, McCain’s large-scale nuclear energy initiative will create more jobs in the short-term because his plan calls for more nuclear energy production than Obama’s, and unlike jobs created from renewable research and development, nuclear energy infrastructure can be built right now and come on-line quicker.

…read more of Green Economy: Comparing McCain and Obama’s Approach here

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Obama’s Green Cures for an Ailing Economy

By Robert Cowin
October 23, 2008
File under: Economy, election 08

ObamaAt the heart of Obama’s new green economy is the cap and trade system which essentially is a tax on polluters for green house gas emissions.  The thought is that the revenue generated from cap and trade will generate between $30 and $50 billion a year, and would go to funding:

1)    a Clean Technologies Venture Fund ($150 billion over 10 years) which would fund green technology innovation
2)    education and job training in clean technology development and production.

So right off the bat, Senator Obama would channel money that would otherwise stay in polluter’s pockets into a green R&D fund as well as training the workforce to be able to transition into the green jobs which the R&D will create.  On the flip side of that coin, the coal industry (responsible for half our nation’s electricity but also a major emitter of green house gases) is going to get hammered.  People like to talk about clean coal but the truth is the coal industry won’t be able to afford the cap and trade system or the technology necessary to stay profitable while complying.  People in that industry will be laid off, and there will be a void in America’s energy production.  So how on earth can this be good for the economy?

…read more of Obama’s Green Cures for an Ailing Economy here

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