June 10th, 2010
10:19 AM ET
4 years ago

Never let a good oil spill go to waste

Many say lawmakers are missing an opportunity to reform the energy sector, in light of the recent Gulf oil spill.
Many say lawmakers are missing an opportunity to reform the energy sector, in light of the recent Gulf oil spill.

New York (CNNMoney.com) - Never let a good crisis go to waste. That's paraphrasing White House Chief of Staff Rahm Emanuel's supposed argument for sweeping reforms to the American economy amid the meltdown.

Now many say lawmakers are doing just that with the oil spill: failing to enact sweeping energy reform to wean the nation off fossil fuels while the public is fixated on events in the Gulf.

"This incident is a punctuation point," said Joseph Stanislaw, an independent energy adviser at Deloitte & Touche. "We've never had an energy policy, and we've been squandering opportunities for decades."

The energy policy favored by Stanislaw, many Democrats in Congress, and most renewable energy advocates involves making fossil fuels more expensive either by adding some type of tax or putting a price on carbon emissions. It also involves requirements that utilities buy more clean energy, as well as lots of money for energy conservation.

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Filed under: Energy • Obama administration
soundoff (29 Responses)
  1. Deborah/KansasCity

    But there are some, like the Senator from Alaska, still trying to deregulate and allow the enviornment to be destroyed,for profit, by the big corporations. She is pushing for the EPA to be stripped of its power to regulate air, water, enviornmental, polution. But, just like all the other Drill Baby Drill, big oil politicians, as soon as there is another disaster, they start blaming the Federal Government. They hate big government, before they're for it. When they need someone to blame for not having good regulations and oversight it's all about the Feds. When they want the big donations, and oil money for their States, it's all about BIG Government being too intrusive. They have no shame.

    June 10, 2010 11:53 am at 11:53 am |
  2. SuperD

    Sooner or later people will need to realize that fossil fuels aint going away anytime soon. The idea of making it more expensive is just so stupid, I cannot comprehend the type of mind that thinks that would be a good idea, but that's the Democrat Party for you.

    If you ride in a car today, or use anything plastic, you are a hypocrit.

    The only mandate the Govt ought to be telling the Oil companies is:
    "We want you to make fuel as inexpensive as possible"

    Then let the private sector work on making alternative fuels just that, an alternative to fossil fuels. You can't make a car go on solar or wind, and even if you could, it's too expensive right now.

    June 10, 2010 11:53 am at 11:53 am |
  3. Stephen in Bedford, TX

    By the time this spill is contained, if ever, BP will be history, the gulf will be a toxic waste dump and any republican who does not recognize the need for tougher energy regulation will be toast.
    We should begin investing in alternative energy research and development and toxic waste cleanup technology.

    June 10, 2010 11:57 am at 11:57 am |
  4. Michael

    If a tax is added to fossil fuels or putting a price on emissions, that added expense will be passed along to us, the consumer. Finding alternate sources for energy will eliminate the need and that is the best way to go. If we didn't depend on fossil fuels, that would lead to less pollutuion as well as fatter wallets.

    June 10, 2010 12:00 pm at 12:00 pm |
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