The President’s 2015 Budget: A Masterpiece of Energy Wastefulness

President Obama just released his fiscal 2015 budget(i) that spends lavishly on his pet projects including his epically-misnamed “all of the above” energy program. But, instead of keeping miners in their coal jobs that historically supplied the nation with most of its electricity, he is putting his dollars on ‘clean coal and natural gas’; instead of opening more federal lands to oil and gas drilling, he is taking away standard tax deductions as applied to the oil industry and providing subsidies to inefficient technologies that supply just 2 percent of the nation’s energy. In other words, he just continues to propose that taxpayers throw even more good money after bad, in fulfillment of his campaign promise from 2008 to make “electricity prices necessarily skyrocket.” Let’s take a closer look at the President’s energy wish list.