They can do it - but it won`t be easy

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Courtesy of European Energy Review (EER)

Barack Obama has assembled a powerful policy team in the area of energy and the environment. Two complementary policies appear to be emerging. The first is to reduce America’s dependence on foreign oil imports. The second is to significantly reduce the country’s carbon footprint. Yet the new administration will face tremendous hurdles, such as the sorry state of the electricity grid.

The first thing that must be said about Obama’s energy policy is that its two major objectives – climate protection and reduced dependence on foreign sources – are a million miles away from those of President Bush and Vice-President Cheney. It could perhaps be said that under their administration, the environment stood just about nowhere, climate change was perceived as a myth and oil dependency was a matter of geopolitical control.

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