Thursday, November 06, 2008

Fossil fuels under Obama

A Dow Jones story is being widely circulated, saying "Under President-elect Sen. Barack Obama, D-Ill., the fossil fuels industry may face "dark days ahead," while alternative energy sectors are likely to flourish."

However, Reuters says "The election of Democratic Sen. Barack Obama to the presidency should be a boon to natural gas producers, but the forecast is turning dark for oil and coal industries already coping with falling prices."

And the last minute coal debate between Obama and McCain fired up despite both candidates supporting similar cap and trade proposals.

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