The State of the Union vs. the Economic Realities of Energy

When it comes to energy, the President's State of the Union address was a strange mix.

The good news came in terms of what the President did not say. Specifically, he failed to push capping CO2 emissions, whether through a cap-and-trade regulatory scheme or some other means. It is doubtful that this was a result of some kind of epiphany making clear the economic ills of such an escapade. Instead, it more than likely was just a bow to altered political realities since the November elections. But, hey, here's to political reality.

Unfortunately, the President's view on doling out taxpayer dollars in subsidies for non-economic energy sources, while jacking up costs on oil firms, has not changed...

Read this latest Energy & Entrepreneurs analysis by SBE Council chief economist Ray Keating here.