by Nicolas Loris, Katie Tubb, Jack Spencer
The Heritage Foundation
January 22, 2013
President Barack Obama’s energy policy during his first term runs counter to his campaign promise to expand energy production and create jobs during his second term. During his first term, he delayed, restricted, and regulated some energy sources while subsidizing, mandating, and giving special tax treatment to others. To keep his promise to increase energy production and create jobs, the President should shift from the paternalistic—and failed—energy policy of “Washington always knows best” to a free-market energy policy in which energy producers and consumers decide what works best. Such a policy would also relieve taxpayers of the burden of subsidizing the energy sector.