As much as people would like it to be otherwise our economy runs on oil. Without cheap oil we'd be living a life not much different than Little House on the Prairie right now. We burn oil now to drive our economy and we will burn oil for another century.
I'm glad that BP found a way around this stupid law, we need to keep the oil that drives our economy flowing or we will have to choose between starving or freezing to death. President Obama is doing everything he can think of to drive out oil and doing next to nothing to find a replacement. Without a replacement to cheap oil we starve.
Sure, he gave gobs of money to people that claimed they could turn sunshine into gold but anyone that took even a glancing look at their business plans would have to know they were just throwing that money away. We need real solutions. We need nuclear power.
I've seen research in fusion power and I think it looks promising if given the freedom to conduct their research and government funds even close to on par with solar. Advanced fission power is even better. People like Flibe Energy have designs that they claim can burn up our existing nuclear waste. It seems that they aren't even asking for government money, just permission to conduct their research.
Wind power has promise IMHO, but it has to be set free from the constraints of government subsidies. There isn't profit in it unless they qualify for government funds so no one is doing any real research in it. Instead of trying to make it profitable through competition they make it profitable by lobbyists.
We'd have all kinds of jobs if only the federal government got out of the way. We'd be building nuclear power plants, oil wells, and windmills. We'd be swimming in cheap energy. It's energy that drives the economy, everything we produce, ship, or compute takes power. Cheap power means cheap everything else. We'd be exporting energy if the government got out of the way. Instead we have to play nice with dictators in far off places. We have to send our young men and women over to these hell holes to die because we just can't seem to figure out that it'd be much cheaper, easier, and safer if we drilled for the oil here instead.
We're going to be importing and exporting oil until we figure out something better to power our way of life. Dumping money into solar panels, windmills, and bio-energy is going to leave us cold, hungry, and poor. We've been subsidizing these things for decades and have little to show for it. Research in nuclear power has brought us a long way. We need more. Mostly we just need government approval, not their money. People know nuclear is safe, clean, and most importantly it is profitable.