The energy market has always been at the forefront of politics, though recent arguments seem like no more than a pissing match between the fossil fuel industry and everyone else. Many decisions have been made not for the overall pros or cons of a particular sector, but based on who can raise more funding—and more hell—in Washington.
Subsidies, Tax-breaks, and the Obama Administration
The Obama administration has made it a point to support and promote renewable energy resources. In 2012, President Obama’s campaign focused on wind energy as a realistic and effective supplier of power for states like Iowa and Colorado, promising to extend a renewable energy production tax credit while he was in office. Now, in 2014, over $14 billion has been granted to wind energy contractors since 2009, either in the form of this production tax credit, or as part of a renewable energy subsidy afforded by Obama’s stimulus package.
