What Was Missing From Obama's State of the Union Address?
In his recent State of the Union address, President Obama called climate change "a fact," yet it was pretty shocking to me not to hear him actually map out a game-plan to drive down the country's carbon output. Sure he alluded to capping carbon on power plants and he even talked about increased natural gas, but the lack of focus on wind, nuclear, and geothermal was a bit puzzling. Additionally, Obama's failure to make a stance on the Keystone XL Pipeline or even allude to the controversial public solidifies that the country's energy policy needs GPS.
It seems pretty ironic the President acknowledges the reality of climate change but would be ok letting the Keystone Pipeline advance. Therefore, the "all-of-the-above" energy concept is flawed and may need to be seriously reevaluated. If it's not, you can bet the U.S. will not be able to meet its 2020 carbon goals. In fact, we'll likely miss those targets by a mile if we don't boost nuclear power output, something that would clearly benefit a company like Exelon , the largest fleet operator of nuclear power plants in the U.S.
Nuclear power does carry its own risks, but technology is easing concerns regarding waste and even safety. With that said, the country would still need to proceed with much caution on that front like any other commitment to a given power source. So in the spirit of the Super Bowl, the all-of-the-above energy plan resembles a Hail Mary pass. The problem is, at this rate, the U.S. doesn't have the arm strength to come near the end-zone and win the battle on carbon.
How can you profit from the "all-of-the-above" energy strategy?
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click HERE to uncover the name of this industry-leading stock... and join Buffett in his quest for a veritable LANDSLIDE of profits!
The article What Was Missing From Obama's State of the Union Address? originally appeared on Fool.com.
John Licata has no position in any stocks mentioned. The Motley Fool recommends Exelon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.