The statement that the U.S. is addicted to oil has been resonating all over the world. But most of the rest is pretty insignificant. The bigger picture issue here is that there's no long-term push. In fact, he spent years offering policies that fed the oil industry, then now makes a statement that this is a problem and offers limited solutions.

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Fixing that would have been a lot more powerful. The tax credits have been on again and off again. The central challenge should be in ensuring clarity in the long run as to what support will be there so that businesses can respond.

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