Friday September 15, 2006 | ${log.root}/lowem.log Inflation, Investing and Everything |
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A bright vision of solar power emerged in the 1970's, as a patriotic response to the oil embargo. Jimmy Carter's energy plan included a goal of powering 20% of the nation with renewables by the year 2000. The president even put solar panels on the White House. The threat of solar tightened chests in the oil companies, as any free, clean, unlimited fuel source can be sure to do. At this point the oil and gas companies were ready to play hardball. They formed political action committees that contributed almost 3 million dollars to House and Senate candidates with "strong pro-industry voting." In California, Pacific Gas and Electric/Southern California Edison fought hard against the public's right to own and use solar water heaters. By the late 70's Exxon, Mobil, Arco, Amoco and other oil companies had bought out many of the solar companies and the PV cell patents. Then, none other than former spokesperson for General Electric, Ronald Reagan, was elected president. The Carter solar tax credits ended, the $684 million investment Carter had requested was cut to $83 million, budgets were cut, studies squashed, and researchers fired. Then, adding insult to injury, Reagan removed the solar panels from the White House roof. Denis Hayes, organizer of the first Earth Day and former Department of Energy staffer from the Reagan era says, "It was a clear, calculated campaign by the DOE in the years of the Reagan administration to crush the solar energy program of the federal government, driving many of the most talented people out of the field". (2006-09-15 12:59:47 SGT)
[Energy]
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