Renewable Energy Sources
Renewable Energy and the American Recovery and Reinvestment Act of 2009
The United States Department of Energy has a lot in the works these days, fueled by the priorities of President Barack Obama. If the President has his way, the United States will make history by going from being one of the largest importers of foreign oil to being one of the largest exporters of renewable energy. In addition to reducing or eliminating America’s economic reliance on foreign fuel sources and fostering an export opportunity that would boost the overall American economy and stock market, the shift to renewable energy would have a positive environmental impact, reducing oil and coal energy air emissions. And finally, the shift will support the domestic energy industry specifically, by investing in American technology and creating jobs in the energy field, ultimately strengthening the United States energy market. The government, and in particular, the Department of Energy, is poised to facilitate this shift in our primary energy sources. The shift starts with the regulations rolled out on February 17Th, 2009 in the form of the American Recovery and Reinvestment Act of 2009.
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