Wednesday, November 3, 2010

U.S. Weighs Funding for Renewable Energy Projects

Today President Obama's top advisers recommended cutting off funding for a federal fund program which is ment to spur the growth and construction of wind, solar farms, and other renewable energy. They stated that they believe taxpayers dollars could be better spend elsewhere. However there is a fear by Obama and his advisors that pulling money out of this program will antagonize some powerful allies in congress and would signify the failure of the recovery act.


Many sights have already begun construction assuming that they will have help from this federal fund program. A large wind farm in Oregon has already begun construction and brings up the question if this and other projects like it will be able to survive without the federal program. 


In my opinion I do not think it is a good idea to pull this program. For one it goes against Obama's promises and will look bad to the public. Also building these new sites takes away our need for foreign oil and creates many job in the area. I do not think that the government should pull the program. 


http://online.wsj.com/article/SB10001424052748703506904575592843603174132.html?mod=WSJ_Energy_leftHeadlines


Ryan Parker 

2 comments:

  1. Hey, I just wrote a part of my blog on this and relating it to China. I agree that I am unsure whether it is a smart move to pull this program and stop funding this renewable energy research. I'm guessing it's a political move, but I don't understand how it could possibly make the Obama administration look good.
    - Caitlin McGonnigal

    ReplyDelete
  2. I think that the Obama administration should at least go through in funding the wind farm in oregon and maybe decrease the amount of money that is put into this project. Terminating funds completely is a bad move on the part of the administration because it shows lack of interest in the "future" of energy and possibly a huge job market.

    -Jaisukh Samaha

    ReplyDelete