If you heard the State of the Union address by President Barack Obama this past week, then you heard him talking about moving forward on alternative energy to get Americans away from fossil fuels and on to something that relies less on foreign sources. He says he believes it’s within our reach and that investing in it now will pay off big benefits in the long-term.
And as for his budget, President Obama's budget proposal would repeal several oil industry tax incentives while imposing new taxes on Gulf of Mexico producers to close "loopholes" that have allowed companies to avoid royalty payments. In fact, those “loopholes” would bring in $31.5 billion in additional funds and taxes to tax coffers.
These proposals are sure to be fought over by Republicans and Democrats alike on Capitol Hill and the fighting over this budget is expected to go on for months.
But in the meantime, companies starved for work for their engineers, designers, dreamers and other American workers will be focused on the possibilities of alternative fuel sources. They’ll be looking for ways to attract investment dollars, define themselves as alternative energy producers, and getting government interest in those projects. (If you look on the internet, there are already predictions of which companies will be first with success in the alternative energy areas. Investors are circling.)
The economy is bleak and barren looking for the moment, but maybe this is the way to find our way back to greener pastures: by looking for a Greenified future that’s more focused on energy supplies that we all hope will leave smaller carbon footprints.