Why Obama's win won't help renewable energy
November 13th, 2012
07:28 AM ET
9 years ago

Why Obama's win won't help renewable energy

New York (CNNMoney) - Barack Obama's re-election may have seemed like a sure win for solar and wind power, given the President's history of supporting green energy.

But the optimism quickly darkened in the aftermath. In the days following the election, renewable energy stocks fell, along with the broader market.


Filed under: Energy • President Obama
soundoff (19 Responses)
  1. onlyfacts

    Well then, we are doomed! This is the one time in the history of mankind that we need to just STOP and start over. The sad reality is, greed runs this world. The best solution, beg your kids not to have kids!

    November 13, 2012 08:14 am at 8:14 am |
  2. Claudia, Houston, Tx

    Interesting article when there are those who say they don't need Government, they can go it alone.

    November 13, 2012 08:23 am at 8:23 am |
  3. jkane sfl gop mascots the blubbering slobs allen west rover nitwitquest rick scott ,carl rove and donald trump ??????

    I wonder who will be the first gop congressman to rip up the pledge to the evil gop crook lobbist rover nitwitquest whose blackmail of congressman in Exchange for a vote is interfering in government business by an unelected goofball and needs to be felt with ,this subversive behavior should be a crime and the first gop congressman to rip up this pledge will be an American hero although they were dumb enough to sign it in the first place ????

    November 13, 2012 08:33 am at 8:33 am |
  4. JD

    Under president bush, we went from 10th in wind energy to first. Under president Obama we are going to be in position to not only be #1 in oil consumption, but production. Do you liberals have any fundamental values? You're cheering 7.9% unemployment and the new CO2 king of the world.

    Let me guess. You all thought he was out for something more than to become a multi, multi millionaire and eternal fame.

    November 13, 2012 08:40 am at 8:40 am |
  5. Wake up People!

    Still stirring the pot, huh CNN? And what would Willard winning have done to help renewable energy? -Nothing.

    November 13, 2012 08:41 am at 8:41 am |
  6. Guest

    Obamas win wont help anything.. The good news is it cant happen again! Come on 2016!

    November 13, 2012 08:45 am at 8:45 am |
  7. Rick McDaniel

    Green energy has to have a MARKET, to succeed........and right now it does NOT! It is too costly, and often unreliable, as well.

    The people will decide when they can afford to buy green energy.......and not Obama.

    November 13, 2012 09:10 am at 9:10 am |
  8. plain&simple

    If you build it......they will come!!!

    November 13, 2012 09:39 am at 9:39 am |
  9. myviewis

    Democrats are waking up to reality, everything costs money and we don't have more money for another Solyndra.

    November 13, 2012 09:42 am at 9:42 am |
  10. JC AWUAH

    if we sink we do togrethwr so offer solutions than just pestimisms

    November 13, 2012 09:59 am at 9:59 am |
  11. Pete

    @Rick McDaniel,Jd,do you know there isn't a market because you're ignorently uninformed if you think different .There is a market but at this time its being challenged by foriegn imports from China and that's why T Boone Pickens stopped because nobody would accept foriegn made crap he was trying to sell states going from fossil fuel to wind generated power.And this bit about America being greater on oil consumption is becoming a myth because of the greater amounts of hybred,electric cars being sold nationwide and yes there's the 7.9% unemployement because if your obstructionistic party of "NO" said yes to the numerous job,infastructure bills being presented we'd be in a better place right now wouldn't we..But now that your republicans have their political backs against the wall they'd better fix this mess with Pres.Obama that your expresident Bush got us into or face extinction come midterms,the choice is yours republicans change or become unemployed,you're the new minority get used to it!!!

    November 13, 2012 10:20 am at 10:20 am |
  12. Claudia, Houston, Tx

    @Pete – Good advice to Republicans but unfortunately they still don't understand they "sunk their own ship". They could learn a lot from Democrats, but they won't therefore they will create their party's demise of none existence.

    November 13, 2012 10:33 am at 10:33 am |
  13. Anthony

    JD, we know exactly what we are getting from Obama. We watch the news, and we don't rely on FOX News and talk radio for our news. You don't know what you would have gotten from Romney because he does not stand by anything he says.

    November 13, 2012 10:37 am at 10:37 am |
  14. Jerry

    Renewable energy is not worth helping, at this time. Obamalloney has blown enough money on these loosing prepositions. I don't care what Obamaloney says. It's not in our future at this time.

    November 13, 2012 10:42 am at 10:42 am |
  15. Bill from GA

    If we continue to ignore the problems to the environment resulting from using fossil fuels, we can expect to pay more in natural disasters. $50 Billion plus for Sandy, and worse still, the hardships imposed on millions of Americans.

    We need to look ahead and work toward energy sustainability, not short-term cost savings. I call that Family Values; it's your kids future you're ruining.

    November 13, 2012 11:21 am at 11:21 am |
  16. Squigman

    For an enlightened view point on this situation, one need look no further than the existing energy suppliers. The existing energy companies are large stakeholders in renewable energy companies, thus giving the parent companies access to more and more profits, if and when renewable energy is adapted to the nation. You'll get what they want to give, when they believe it's to their benefit. Not before.

    November 13, 2012 11:23 am at 11:23 am |
  17. Fortinbras

    Its the infrastructure. There is not yet enough infrastructure for alternative energy, but there will be. Whether Florida is under water from the sea level rise by that time, I dont know.

    November 13, 2012 11:24 am at 11:24 am |
  18. Scottish Mama

    In the next 10 years we will be free from foreign oil. So now is the time to develop other possibilities.
    @Jerry actually 23 of those ventures including Solyndra was a Bush company start up and investment was started in 2006. Of those 23 4 failed. When you think of how many businesses fail in the 1st year, it is 50%, so the the average is better than what is usually expected. If you never try there will never be anything gained.

    November 13, 2012 11:35 am at 11:35 am |
  19. Ancient Texan

    There is no opposition from most Republicans to Wind or Solar, or other new technology; it's just that none of those sources are an adequate replacement for fossil fuels NOW. As they are fully, ECONOMICALLY, perfected, then our natural resources could be less used and eventually replaced. There are thousands of Wind Turbines in Texas now, but there isn't a grid system in a lot of areas capable of using the production and the output is less than 1% of need.

    November 13, 2012 11:59 am at 11:59 am |