Energy Industry Updates For January 2009

Energy Stimulus: The Transformation Begins

The energy provisions of the U.S. House Democrats' version of the stimulus legislation reflect President Barack H. Obama's vision of a transformed economy led in large part through an energy revolution. Mr. Obama intends to put scientists to work on the next great scientific breakthroughs, which may lead to additional jobs in cutting-edge technologies and smart investments that will help businesses in every community succeed in a global economy. Mr. Obama envisions the process will provide returns of multiple dollars in value to the American economy for every dollar invested, as has been the case in the investment in broadband technology.