Drill, baby, drill:
President Obama wants to make the United States “the world’s leading exporter of renewable energy,” but in his seven months in office, it is China that has stepped on the gas in an effort to become the dominant player in green energy — especially in solar power, and even in the United States.
Chinese companies have already played a leading role in pushing down the price of solar panels by almost half over the last year. Shi Zhengrong, the chief executive and founder of China’s biggest solar panel manufacturer, Suntech Power Holdings, said in an interview here that Suntech, to build market share, is selling solar panels on the American market for less than the cost of the materials, assembly and shipping.
Checking my magic eight-ball, I think what would fix this is deregulating the oil industry more, allowing more offshore drilling, and more corporate tax cuts for oil and gas. I’ll have to check Reason magazine to know for sure, now that no one reads TechCentralStation.