President promises to keep his doomed vision on energy

US President Barack Obama made clear on June 15 his determination to continue emphasizing government spending and discouraging resource development in pursuit of energy-industry jobs. He told an audience in Cleveland, Ohio, on June 15 that the fiscal plan he sent Congress in September represents "the vision I intend to pursue in my second term as President." The plan includes higher taxes on oil and gas and more subsidies for renewable energy. "We have to become the global leader in renewable energy—wind and solar and the next generation of biofuels—in electric cars and energy-efficient buildings," the president said. Identical ambitions fostered programs now crumbling...

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