4. ENERGY, ENERGY, ENERGY
Oil Profits v. Oil Prices

"Big
oil companies make larger profits when oil and gasoline prices are
high. These revenues come from the pockets of everyday Americans. The
five biggest oil companies - BP, Chevron, ConocoPhillips, ExxonMobil and
Shell - have already made $100 billion in profits during the first
three quarters of 2011 due to high oil prices. Yet they and other big
oil companies have fought tooth and nail this year to retain tax breaks
worth $4 billion annually." -- Daniel J. Weiss, senior fellow, Center
for American Progress
The Most Disastrous Year Ever

"The
National Oceanic and Atmospheric Administration reports that the United
States set a record with 12 separate billion dollar weather/climate
disasters in 2011. Total damages were approximately $52 billion. NOAA
Chief Jane Lubchenco noted that "what we are seeing this year is not
just an anomalous year, but a harbinger of things to come for at least a
subset of those extreme events that we are tallying." She noted that
some of the increase is driven by climate change." -- Dr. Joe Romm,
Senior Fellow and Editor of Climate Progress
A Century of Love for Oil and Gas

"Many
conservatives have attacked the Obama administration's effort to invest
in emerging clean energy technologies, including wind and solar
electricity generation. Yet they defend longstanding tax breaks for the
mature oil and gas (O&G), and nuclear industries. However, the
federal government annually spends an average of thirteen times more
money on the oil and gas industry compared to investments in renewable
energy." -- Richard Caperton, Director of Clean Energy Investment,
Center for American Progress
Our Competitors' Green Investments
"On the two-year anniversary of the American Recovery and Reinvestment
Act, we should look back with satisfaction that we have seen the
American clean energy industry through a rough period in the global
economy. However, the United States risks ceding its gains and falling
dangerously behind its competitors without continuing investment. Many
conservatives oppose such investments. Without it, the United States
will see an exodus of firms and capital to countries that are growing
their clean tech industries, particularly China and Germany. U.S.
private-sector firms lament a lack of clear and consistent policy on
clean energy. This stymies investment and slows job creation." --
Bracken Hendricks, Senior Fellow, Center for American Progress
Where the Green Jobs Are

"The
failure of several clean energy companies that received loan guarantees
have many conservatives increasing their opposition to such
investments. However, clean energy has been a bright spot in the
sluggish economy. The clean economy sector focused on clean
energy--especially wind, solar, fuel cell, smart grid, biofuel, and
battery companies--grew far more quickly than the economy as a whole. A
Brookings Institution report found major job growth in clean energy
between 2003 and 2010: Solar thermal and wind grew by 18.4 percent and
14.9 percent, respectively." -- Kate Gordon, Vice President for Energy
Policy, Center for American Progress