Because we have no real energy policy, we’re risking our future. Worse yet, we treat energy companies as villains. Instead, we need to create a level playing field regardless of energy source. We need to ensure that our energy companies are fairly taxed so that they are encouraged to increase production, not punished for profiting from it.
We need a real plan behind President Obama’s “all-of-the-above” energy solution from his State of the Union address. We also need to make a decision on how we’re going to handle our future excess production and whether natural gas should be exported. Cheniere Energy, Inc. (NYSEMKT:LNG) has already been approved to export liquefied natural gas, but it’s just one of many companies looking to turn the U.S. into a top energy exporter. Is the government going to step forward with a real energy policy that will enable us to become a an economic superpower?
Should we even be exporting our gas when it could be used to fuel our trucks and buses? Clean Energy Fuels Corp (NASDAQ:CLNE) is working to build America’s Natural Gas Highway without any real government support. However, just think of how much more quickly we could transform our economy if we didn’t have to fight our government but were working with it.
Given all the partisan politics going on in Washington these days, I have my doubts this will ever happen. We’ll probably continue to walk aimlessly as the loudest voices with the most votes sway what actually gets done. We just could do so much better if we would work together in a concerted effort to harness our abundant resources to yield the greatest benefit to us all.
The article Will the Government Work With Energy Companies? originally appeared on Fool.com and is written by Matt DiLallo.
Fool contributor Matt DiLallo owns shares of ConocoPhillips. The Motley Fool recommends Clean Energy Fuels and has option on Chesapeake Energy.
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