Americans feeling the pain of soaring energy costs deserve more from their leaders. Politicians, including presidential candidates, should stop pandering with proposals designed only to win votes and offer comprehensive strategies to strengthen our economy and confront the energy challenge.
Amazingly, investment tax credits for America's fledgling solar and wind power industries will expire this December, unless Congress ends a futile debate in which Republicans are resisting Democrats' proposals to pay for the relief with cuts in oil industry tax credits. The solar and wind credits would help ensure that these businesses remain profitable if oil prices should suddenly drop.
In the late 1990s America was the leader in solar energy, producing an estimated 40 percent of global output. Now the United States makes less than 8 percent. BP Solar, a subsidiary of the oil company, recently completed a $25 million expansion, adding more than 100 jobs at its Frederick plant. But now the company has begun production of two new solar cell manufacturing plants abroad - one at its European headquarters in Madrid, and a second in Bangalore, India.
