March 31, 2011
President Obama’s push to expand renewable domestic energy has put him in an awkward position following the explosions at a nuclear plant in Japan and the subsequent leakage of radiation. While Obama can still talk about solar, wind and biofuels, nuclear power is practically the only way to generate reliable and affordable energy without fossil fuels.
Making things more uncomfortable for Obama, three of his most intimate corporate friends — General Electric, Duke Energy and Exelon — are deeply involved in nuclear energy.
Read the whole thing. Personally, I see this as a case where the Obama Adminstration’s predilection for crony capitalism might actually work in the public interest.