From the Heritage Foundation, Today

“Despite all the rhetoric you hear about the rest of the world abandoning fossil fuels to avoid global warming, their actions show where their real priorities are. Brazil, whose beautiful beaches rival or even surpass anything in California or Florida, recently discovered a huge underwater oil field and it is moving quickly to begin drilling. In Asia, China and Japan were able to put aside centuries of mistrust to come to an agreement on how to drill and share oil in waters in between their countries. Germany plans to build 27 coal-fired plants by 2020. Italy plans to increase its reliance on coal from 14% today to 33% in just five years. In all of Europe, 40 new major coal power plants are set to be built in the next five years. In 2006 alone, China completed enough coal power plants to match all of Britain’s capacity. India plans to boost coal production by 50% by 2012 and quadruple it by 2030.

The rest of the world gets it: in order to compete in today’s global economy countries must maximize the energy potential of all their natural resources. The Obama administration would be forcing American businesses to compete with one hand tied behind our back if they favor costly, inefficient, and unproven renewable energy to the exclusion of all other U.S. resources.”

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