2007 Business Review — Energy

The landmark 2005 Energy Policy Act paid fresh dividends in 2007.

For the first time in a full generation there was a formal application to build a new nuclear power plant. Several different companies in several states are in the deep planning stages for the building of new reactors. We’ve come a long way since cardigan sweater Carter, haven’t we?

There were mega-mergers and joint ventures in oil and natural gas. Chief among these combinations were three separate deals totaling over $20 billion involving Canada’s vast oil resources. Separately it was announced that ConocoPhillips is planning to construct a natural gas pipeline from Alaska’s North Slope to the lower-48.

There were huge investments in renewable energies. New technologies were unveiled in connection with solar power cells, next-generation wind turbines, geothermal plants and biofuels.

Ethanol production increased exponentially.

The auto industry began detailed planning for the mass production of hydrogen-powered vehicles.

For obvious reasons the media/Democrats in Congress are trying to modify or to chip away at most of these ongoing energy reforms. Just last Thursday, in fact, the House passed a tax hike/nanny state energy bill; fortunately, however, the Senate GOP blocked it.

In addition to the war against genocidal terrorism, along with perhaps 2-4 vacancies on the U.S. Supreme Court, the highest stakes for next year’s elections might very well apply to the future of U.S. energy policies.

Supreme Court News
Gee, Projecting Much?