07 Jul 2009 Russia and America’s Energy Future
In light of President Obama’s trip to Russia, National Center for Public Policy Research Senior Fellow Bonner Cohen and Dow Jones Newswire Journalist Alexander Kolyandr discussed Russia’s energy resources and U.S. energy policy on the Fox Business Channel this morning.
Among other things, Bonner addressed the conundrum that Russia has extensive oil resources that are difficult to get to, while U.S. oil companies have the technology to get to it. Yet Russia’s legal structure is, as Bonner put it, a “kleptocracy,” which makes it difficult for any U.S. company to do business there.
Bonner also discussed the limitations of the Obama Administration’s reliance on renewable fuels.