Read here. Obama and his team think they can pick green energy technology winners. They have increased the subsidies to solar companies by 626% while trying to reduce subsidies to fossil fuels.
"President Barack Obama wants to end subsidies that go to oil and natural gas companies, a new Department of Energy report shows that federal subsidies to clean energy are way up, with solar seeing a subsidy increase of 626 percent...Obama repeated his call to end subsidies to oil and gas companies and said that “instead of subsidizing yesterday’s energy, we should invest in tomorrow’s,” adding that “clean energy can lead to new jobs and new businesses,” and “[a]n investment in clean energy today is an investment in a better tomorrow.”"
But those solar investments are going south, losing the taxpayer monies in the process as we discussed here and here. Obama and the Federal government need to remove themselves from the energy market, which subsidies and regulation have turned into a dysfunctional sector of the economy.