Vast stores of natural gas trapped in methane hydrates offer a low-cost alternative energy source that could jump-start the U.S. economy now that research by the U.S. Department of Energy (DOE) has proven successful in safely and economically extracting it.
As Obama's EPA institutes new regulations on coal-fired power plants, the number of operating plants will steadily dwindle, causing increased costs and job loss.
Beacon Power, the beneficiary of the endless flow of taxpayer guarantees emanating from the Department of Energy, went into bankruptcy in just over two years, leaving lawyers from the Justice Department crying foul.
As the issue of rising gas prices dominates Obama’s current standing among the public, the White House is scrambling to broadcast the President’s purported dedication to U.S. energy independence. And one strategy the administration is engaging in is to accuse congressional Republicans of stonewalling executive efforts to improve the country’s energy and environmental stature.