Monday, December 10, 2012

Growth Versus Green

Decisions, decisions:
With America about to join the ranks of major natural-gas exporters and with the nation’s rising oil production reducing imports, the energy boom seems poised to both boost our global competitiveness and drive economic growth well above today’s paltry levels.

This puts President Obama in a dilemma. To please his core green constituency, he can strangle the incipient energy-led boom in its cradle through dictates of federal regulators. On the other hand, he can choose to take credit for an economic expansion that could not only improve the lives of millions of middle- and working-class Americans, but also could assure Democratic political dominance for a decade or more.
This could be Obama's chance to have a Clintonesque moment and at least move more towards the middle on energy. Will he?

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