We need to rethink our renewable energy policy
In his state of the union address, President Obama stated he wants 80 percent of our electricity to come from "clean sources" by 2035. That is a tall order. Credit Suisse estimates it will take $750 billion in capital expenditures to supply just 20 percent of our nation's power demand from renewable sources. Needless to say, coming anywhere near the president's goal will require us to rethink our energy policy.